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MS SB2996
Bill
AI Summary
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Authorizes issuance of up to $1,500,000 in Mississippi state general obligation bonds to assist the City of Gluckstadt with land acquisition and construction of police headquarters
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Creates the "2022 Gluckstadt Police Headquarters Fund" within the State Treasury to hold and disburse bond proceeds, with funds remaining separate from the General Fund
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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 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 to assist City of Gluckstadt in paying costs of land acquisition for and construction of police headquarters.
Last Action
Died In Committee
2/23/2022