Loading chat...
MS SB2915
Bill
AI Summary
-
Authorizes issuance of up to $1,000,000 in state general obligation bonds to help Walthall County, Mississippi construct new facilities for the sheriff's office
-
Creates the "2022 Walthall County Sheriff's Office Construction Fund" as a special fund within the State Treasury, with unexpended amounts and investment earnings remaining in the fund rather than lapsing to the General Fund
-
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
-
Bonds and income from them are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions
-
No bonds may be issued under this act after July 1, 2026
Legislative Description
Bonds; authorize issuance to assist Walthall County in paying costs of construction of new sheriff's office facilities.
Last Action
Died In Committee
2/23/2022