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MS SB3141
Bill
AI Summary
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Authorizes issuance of up to $300,000 in state general obligation bonds to help the City of Houston, Mississippi pay for city street repairs
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Creates the "2022 City of Houston Street Repair Fund" as a special fund within the State Treasury to hold and disburse bond proceeds
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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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Bond proceeds and interest earned are exempt from all Mississippi state taxation
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No bonds may be issued under this act after July 1, 2026
Legislative Description
Bonds; authorize issuance to assist City of Houston in paying costs of repairs to city streets.
Last Action
Died In Committee
2/23/2022
Committee Referrals
Finance2/18/2022
Full Bill Text
No bill text available