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MS SB2923
Bill
AI Summary
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Authorizes issuance of up to $2,510,000 in state general obligation bonds to assist the City of Pearl, Mississippi, with completing the Pearl-Richland Intermodal Connector Project
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The connector project will link Mississippi Highway 468 in Pearl to U.S. Highway 49 in Richland
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Creates the "2022 Pearl-Richland Intermodal Connector Project Fund" as a special fund within the State Treasury to hold bond proceeds, with funds disbursed at the discretion of the Department of Finance and Administration
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Bonds may not be issued after July 1, 2026, and must mature within 25 years of issuance
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Bonds are backed by the full faith and credit of Mississippi and are exempt from all state taxation
Legislative Description
Bonds; authorize to assist City of Pearl in paying costs of completion of Pearl-Richland Intermodal Connector Project.
Last Action
Died In Committee
2/23/2022