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MS SB3152
Bill
Status
2/23/2022
Primary Sponsor
Rita Potts Parks
Click for details
AI Summary
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Authorizes issuance of up to $3,740,000 in State of Mississippi general obligation bonds to fund the Yellow Creek Port Project in Tishomingo County
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Creates the "2022 Yellow Creek Port Project Fund" as a special fund within the State Treasury, separate from the General Fund, with unexpended amounts and interest earnings retained in the fund
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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 bonds are exempt from all taxation in Mississippi and qualify as legal investments for trustees, fiduciaries, savings banks, trust companies, 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 in paying costs of Yellow Creek Port Project in Tishomingo County.
Last Action
Died In Committee
2/23/2022