Loading chat...
MS SB2968
Bill
AI Summary
-
Authorizes issuance of up to $2,000,000 in state general obligation bonds to assist the City of Laurel, Mississippi, with costs associated with the Sandy Creek Erosion Project
-
Creates the "2022 City of Laurel Sandy Creek Erosion Project Fund" within the State Treasury as a special fund separate from the General Fund
-
Bonds may mature up to 25 years from date of issue, with interest rates subject to limits in existing state law
-
Bonds and income from them are exempt from all taxation in Mississippi and constitute legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies
-
No bonds may be issued under this act after July 1, 2026
Legislative Description
Bonds; authorize to assist City of Laurel in paying costs associated with Sandy Creek Erosion Project.
Last Action
Died In Committee
2/23/2022