Loading chat...
MS SB2214
Bill
Status
2/23/2022
Primary Sponsor
Derrick Simmons
Click for details
AI Summary
-
Authorizes the issuance of up to $150,000 in State of Mississippi general obligation bonds to assist the Town of Metcalfe with repair and renovation of the town park
-
Creates the "2022 Town of Metcalfe Park Repair and Renovation Fund" as a special fund within the State Treasury to receive and disburse bond proceeds
-
Bonds may have a maturity period of up to 25 years and are backed by the full faith and credit of the State of Mississippi
-
Bonds and income from them are exempt from all Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions
-
No bonds may be issued under this act after July 1, 2026
Legislative Description
Bonds; authorize issuance to assist Town of Metcalfe in paying costs of repair and renovation of town park.
Last Action
Died In Committee
2/23/2022