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MS SB2204

Bill

Status

Failed

2/23/2022

Primary Sponsor

Joseph Thomas

Click for details

Origin

Senate

2022 Regular Session

AI Summary

  • 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

  • Creates the "2022 Rolling Fork Downtown Structures Demolition and Cleanup Fund" within the State Treasury to hold and disburse bond proceeds

  • Bonds must be issued before July 1, 2026, with a maximum maturity of 25 years from date of issue

  • Bonds are backed by the full faith and credit of the State of Mississippi and are exempt from all state taxation

  • 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

Committee Referrals

Finance1/13/2022

Full Bill Text

No bill text available