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MS SB2219
Bill
AI Summary
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Authorizes issuance of up to $2,500,000 in state general obligation bonds to assist Lawrence County Board of Supervisors with pavement maintenance costs for the N.A. Sandifer Highway
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Creates the "2022 Lawrence County N.A. Sandifer Highway Maintenance Fund" as a special fund within the State Treasury to receive and disburse bond proceeds
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Bonds may mature up to 25 years from date of issue and are backed by the full faith and credit of the State of Mississippi
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Bonds and income from them are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions
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No bonds may be issued under this act after July 1, 2026
Legislative Description
Bonds; authorize to assist Lawrence County in paying costs of pavement maintenance for N.A. Sandifer Highway.
Last Action
Died In Committee
2/23/2022