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MS SB3183
Bill
Status
2/23/2022
Primary Sponsor
Barbara Blackmon
Click for details
AI Summary
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Increases the authorized amount of state general obligation bonds from $400,000 to $6,000,000 for the Natchez Seminary Property of the General Missionary Baptist Convention of Mississippi, Inc.
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Funds are designated for furnishing, equipping, repairing, and renovating the Natchez Seminary Property through the "2016 Natchez Seminary Repair and Renovation Fund"
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Bonds may have a maximum maturity of 25 years from date of issue and are backed by the full faith and credit of the State of Mississippi
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The Department of Finance and Administration, through the Bureau of Building, Grounds and Real Property Management, oversees the disbursement and expenditure of funds
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Bonds and income from the bonds are exempt from all taxation in Mississippi
Legislative Description
Bonds; increase authorized amount to General Missionary Baptist Convention to complete Natchez Seminary renovations.
Last Action
Died In Committee
2/23/2022