Loading chat...
MS HB1344
Bill
Status
2/22/2023
Primary Sponsor
Jerry Turner
Click for details
AI Summary
-
Authorizes issuance of state general obligation bonds up to $150,000 to fund repair and renovation of the Pratts Old School House building and related facilities in Lee County, Mississippi.
-
Establishes a special fund titled "2023 Lee County - Pratts Old School House Fund" within the State Treasury to receive bond proceeds and disburse funds for the project.
-
Bonds shall mature within 25 years, bear interest rates not to exceed limits in Mississippi Code Section 75-17-101, and are backed by the full faith and credit of the State of Mississippi.
-
Prohibits bond issuance after July 1, 2027; any remaining fund balance after project completion shall be applied to debt service on the bonds.
-
Act takes effect July 1, 2023.
Legislative Description
Bonds; authorize issuance for repair and renovationof the Pratts Old School House building in Lee County.
Last Action
Died In Committee
2/22/2023