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MS SB3139
Bill
AI Summary
- Authorizes issuance of state general obligation bonds up to $1,800,000 to assist the City of Charleston, Mississippi with infrastructure improvements
- Bond proceeds allocated as follows: $400,000 for city hall rehabilitation, $600,000 for city-wide sidewalk repairs, and $800,000 for street repaving
- Creates the "2022 City of Charleston Improvements Fund" within the State Treasury to receive and disburse bond proceeds for the specified projects
- Bonds may not be issued after July 1, 2026, with maturity not to exceed 25 years from date of issue
- Remaining funds after project completion shall be applied to pay debt service on the bonds; investment earnings on the fund shall also be used for debt service
Legislative Description
Bonds; authorize to assist City of Charleston in paying costs of various improvements.
Last Action
Died In Committee
2/23/2022
Committee Referrals
Finance2/18/2022
Full Bill Text
No bill text available