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MS HB64

Bill

Status

Failed

2/23/2022

Primary Sponsor

Rickey Thompson

Click for details

Origin

House of Representatives

2022 Regular Session

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

Committee Referrals

Ways and Means1/4/2022

Full Bill Text

No bill text available