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MS HB1725
Bill
Status
2/25/2022
Primary Sponsor
William Arnold
Click for details
AI Summary
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Authorizes issuance of up to $25,000 in state general obligation bonds to fund repairs, renovations, upgrades, and improvements to the VFW Post 4877 building in Booneville, Mississippi
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Creates the "2022 VFW Post 4877 Building Fund" as a special fund within the State Treasury to receive and disburse bond proceeds
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Bonds may have a maximum maturity of 25 years from date of issue 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 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 with improvements to the VFW Post 4877 building in Booneville.
Last Action
Died In Committee
2/25/2022