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MS SB2222
Bill
AI Summary
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Authorizes issuance of up to $500,000 in state general obligation bonds to fund construction of new water and sewer infrastructure along the I-10 corridor in Jackson County, Mississippi
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Creates the "2022 West Jackson County Utility District I-10 Corridor Water/Sewer Infrastructure Fund" as a special fund within the State Treasury to hold bond proceeds
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Bonds must be issued before July 1, 2026, and may mature no more than 25 years from the date of issue
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Bonds are backed by the full faith and credit of Mississippi, and both the bonds and their income are exempt from state taxation
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Department of Finance and Administration has discretion over disbursing funds to the West Jackson County Utility District for the infrastructure project
Legislative Description
Bonds; authorize for West Jackson County Utility District construction of new water and sewer infrastructure at I-10 corridor.
Last Action
Died In Committee
2/23/2022