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MS SB2204
Bill
AI Summary
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Authorizes issuance of up to $200,000 in state general obligation bonds to assist the City of Rolling Fork, Mississippi, with demolition and cleanup of dilapidated downtown structures
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Creates the "2022 Rolling Fork Downtown Structures Demolition and Cleanup Fund" within the State Treasury to hold and disburse bond proceeds
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Bonds must be issued before July 1, 2026, with a maximum maturity of 25 years from date of issue
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Bonds are backed by the full faith and credit of the State of Mississippi and are exempt from all state taxation
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Any funds remaining after project completion or abandonment must be applied to pay debt service on the bonds
Legislative Description
Bonds; authorize issuance for demolition and cleanup of dilapidated structures in downtown Rolling Fork.
Last Action
Died In Committee
2/23/2022