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MS SB2222

Bill

Status

Failed

2/23/2022

Primary Sponsor

Jeremy England

Click for details

Origin

Senate

2022 Regular Session

AI Summary

  • 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

  • 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

  • Bonds must be issued before July 1, 2026, and may mature no more than 25 years from the date of issue

  • Bonds are backed by the full faith and credit of Mississippi, and both the bonds and their income are exempt from state taxation

  • 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

Committee Referrals

Finance1/13/2022

Full Bill Text

No bill text available