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MS SB2835
Bill
Status
2/23/2022
Primary Sponsor
Derrick Simmons
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AI Summary
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Authorizes issuance of up to $12,000,000 in state general obligation bonds to fund construction of a new cafeteria or renovation of the existing cafeteria at Jackson State University
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Creates the "2022 Jackson State University Cafeteria 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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Bonds and income from them are exempt from all Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions
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No bonds may be issued under this authorization after July 1, 2026
Legislative Description
Bonds; authorize to assist Jackson State University in paying costs of construction or renovation of cafeteria.
Last Action
Died In Committee
2/23/2022