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MS SB2954
Bill
AI Summary
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Authorizes issuance of up to $5,000,000 in state general obligation bonds to fund construction of a new dormitory building at Mississippi Delta Community College
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Creates the "2022 Mississippi Delta Community College Dormitory Construction Fund" as a special fund within the State Treasury to hold 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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Bond income and the bonds themselves are exempt from all 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 Mississippi Delta Community College in paying for construction of dormitory.
Last Action
Died In Committee
2/23/2022