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MS SB3107
Bill
AI Summary
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Authorizes issuance of up to $1,000,000 in state general obligation bonds to assist the Noxubee County Board of Supervisors in paying costs for communication tower coverage throughout the county
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Creates the "2022 Noxubee County Communication Tower Fund" within the State Treasury to hold bond proceeds, with funds remaining separate from the General Fund and not lapsing at fiscal year end
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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 Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, and insurance companies
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No bonds may be issued under this act after July 1, 2026
Legislative Description
Bonds; authorize issuance to assist Noxubee County in paying costs of providing communication tower coverage throughout county.
Last Action
Died In Committee
2/23/2022