Loading chat...
MS HB64
Bill
Status
2/23/2022
Primary Sponsor
Rickey Thompson
Click for details
AI Summary
-
Authorizes up to $250,000 in state general obligation bonds for infrastructure and park improvements in three municipalities: $50,000 for the City of Verona, $100,000 for the Town of Plantersville, and $100,000 for the Town of Shannon
-
Towns of Plantersville and Shannon may use their allocations for police department equipment purchases in addition to infrastructure and park improvements; Shannon may also fund natural gas system improvements
-
Authorizes an additional $20,000 in state general obligation bonds for Lee County to construct a volunteer fire department building near Shannon and an adjacent community center
-
Creates two special funds within the State Treasury to hold bond proceeds, with the Department of Finance and Administration controlling disbursements
-
Bonds must be issued before July 1, 2026, may mature up to 25 years from issuance, and are exempt from all state taxation
Legislative Description
Bonds; authorize issuance to assist Lee County and municipalities of Verona, Plantersville and Shannon with certain projects.
Last Action
Died In Committee
2/23/2022