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MS SB2918
Bill
Status
2/23/2022
Primary Sponsor
Derrick Simmons
Click for details
AI Summary
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Authorizes issuance of up to $6,000,000 in state general obligation bonds to fund repair, rehabilitation, resurfacing, construction, and reconstruction of Broadway Street from Deaton Street to Magnolia Street in Greenville, Mississippi
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Creates the "2022 City of Greenville Broadway Street Improvements Fund" as a special fund within the State Treasury to hold bond proceeds, with funds not lapsing at fiscal year end
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Bonds may be issued at one time or over time, with a maximum maturity of 25 years and interest rates subject to limits in state law
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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 act after July 1, 2026
Legislative Description
Bonds; authorize issuance to assist in paying costs of improvements to certain city street in Greenville, Mississippi.
Last Action
Died In Committee
2/23/2022