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MS SB2221
Bill
Status
2/23/2022
Primary Sponsor
Derrick Simmons
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AI Summary
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Authorizes issuance of up to $150,000 in state general obligation bonds to assist the City of Leland, Mississippi, with repair and renovation of the city park
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Creates the "2022 City of Leland Park Repair and Renovation Fund" as a special fund within the State Treasury to hold 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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Bond income and the bonds themselves are exempt from all Mississippi state taxation
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No bonds may be issued under this act after July 1, 2026
Legislative Description
Bonds; authorize issuance to assist City of Leland in paying costs of repair and renovation of city park.
Last Action
Died In Committee
2/23/2022