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MS SB2949
Bill
AI Summary
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Authorizes issuance of up to $17,800,000 in state general obligation bonds to fund repairs and renovations at Jackson State University
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Creates the "2022 Jackson State University Repairs and Renovations Fund" as a special fund within the State Treasury, with unexpended amounts carrying over between fiscal years
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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 act after July 1, 2026
Legislative Description
Bonds; authorize issuance to assist Jackson State University in paying costs associated with repairs and renovations.
Last Action
Died In Committee
2/23/2022