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MS SB3093
Bill
Status
Failed
2/23/2022
Primary Sponsor
Barbara Blackmon
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AI Summary
- Authorizes issuance of up to $5,025,000 in state general obligation bonds to assist the City of Carthage, Mississippi with water, wastewater, and sewer improvements
- Bond proceeds will fund water and sewer main replacement under Boyd Street, tank rehabilitation, three generators for the water system, wastewater treatment basin upgrades, and Leake County Correctional Facility sewer lift station and sewer line improvements
- Creates a special fund called the "2022 City of Carthage Water, Wastewater and Sewer Improvements Fund" to receive and disburse bond proceeds for the specified projects
- Bonds may mature up to 25 years from issue date with interest rates not to exceed limits in Mississippi Code Section 75-17-101, and no bonds may be issued after July 1, 2026
- Bonds are general obligations of the State of Mississippi backed by full faith and credit, exempt from state taxation, and must have principal and interest paid by the State Treasurer from the General Fund if appropriations are insufficient
Legislative Description
Bonds; authorize issuance to assist City of Carthage in paying costs of water, wastewater and sewer improvements.
Last Action
Died In Committee
2/23/2022
Committee Referrals
Finance2/17/2022
Full Bill Text
No bill text available