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MS HB1711
Bill
Status
2/23/2022
Primary Sponsor
Zakiya Summers
Click for details
AI Summary
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Authorizes issuance of up to $200,000 in State of Mississippi general obligation bonds to assist Jackson, Mississippi with drainage channel repairs, restoration, upgrades, and improvements in Subdistrict 2
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Creates the "2022 City of Jackson Drainage Channels Improvements Fund" as a special fund within the State Treasury, with unexpended amounts and investment earnings remaining in the fund rather than lapsing to the General Fund
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Bonds may mature up to 25 years from date of issue, are exempt from all Mississippi state taxation, and are backed by the full faith and credit of the state
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No bonds may be issued under this act after July 1, 2026
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Takes effect July 1, 2022
Legislative Description
Bonds; authorize issuance to assist City of Jackson with drainage channel improvements.
Last Action
Died In Committee
2/23/2022