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MS HB1713
Bill
Status
2/23/2022
Primary Sponsor
Zakiya Summers
Click for details
AI Summary
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Authorizes issuance of up to $940,000 in state general obligation bonds to help the City of Jackson, Mississippi purchase a fire truck and related foam system apparatus
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Creates the "2022 City of Jackson Fire Truck Fund" as a special fund within the State Treasury to hold bond proceeds, with unused funds not lapsing to the General Fund
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Bonds may have a maximum maturity of 25 years and are backed by the full faith and credit of the State of Mississippi
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Bonds and income from them are exempt from all Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions
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No bonds may be issued under this act after July 1, 2026, with the act taking effect July 1, 2022
Legislative Description
Bonds; authorize issuance to assist City of Jackson with purchase of a fire truck.
Last Action
Died In Committee
2/23/2022