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MS SB3102
Bill
Status
2/23/2022
Primary Sponsor
Barbara Blackmon
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AI Summary
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Increases authorized general obligation bond limit from $250,000 to $5,250,000 for the City of Carthage, Mississippi coliseum repair and renovation project
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Extends the deadline for issuing bonds from July 1, 2024 to July 1, 2026
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Maintains the "2020 City of Carthage Coliseum Repair and Renovation Fund" as a special fund within the State Treasury, with disbursements at the discretion of the Department of Finance and Administration
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Bonds are backed by the full faith and credit of the State of Mississippi with a maximum maturity of 25 years
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Bond proceeds and income are exempt from all Mississippi state taxation
Legislative Description
Bonds; increase authorized bonded indebtedness to assist City of Carthage in paying costs of coliseum repair and renovation.
Last Action
Died In Committee
2/23/2022