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MS SB3082
Bill
AI Summary
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Authorizes issuance of up to $1,000,000 in state general obligation bonds to assist the City of Baldwyn, Mississippi, with improvements to Latimer Park
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Creates the "2022 City of Baldwyn Latimer Park Improvements Fund" as a special fund within the State Treasury to hold and disburse bond proceeds
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Bonds may have a maximum maturity of 25 years and are backed by the full faith and credit of the State of Mississippi
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Bond proceeds and interest are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, and insurance companies
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No bonds may be issued under this authorization after July 1, 2026
Legislative Description
Bonds; authorize issuance to assist the City of Baldwyn in paying costs of improvements to Latimer Park.
Last Action
Died In Committee
2/23/2022