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MS SB3143
Bill
AI Summary
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Authorizes issuance of up to $500,000 in State of Mississippi general obligation bonds to help the City of Pontotoc relocate its main fire station
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Creates the "2022 City of Pontotoc Fire Station Relocation Fund" within the State Treasury to hold bond proceeds, with funds 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 fiduciaries and public fund deposits
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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 Pontotoc in paying costs of relocating main fire station.
Last Action
Died In Committee
2/23/2022