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MS HB1357
Bill
Status
2/22/2023
Primary Sponsor
Christopher Bell
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AI Summary
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Authorizes issuance of up to $40,000,000 in state general obligation bonds to fund construction of a stadium on or near the Jackson State University campus
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Creates the "2023 Jackson State University Stadium Construction Fund" within the State Treasury to receive and disburse bond proceeds
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Bonds may not exceed 25-year maturity and must be issued by July 1, 2027
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Bonds are backed by the full faith and credit of the State of Mississippi and are exempt from all state taxation
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State Bond Commission is authorized to determine bond terms, sale method, and timing of issuance
Legislative Description
Bonds; authorize isuance for construction of a stadium on or near the campus of Jackson State University.
Last Action
Died In Committee
2/22/2023