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MS HB1358
Bill
Status
Failed
2/22/2023
Primary Sponsor
Christopher Bell
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AI Summary
- Authorizes the State Bond Commission to issue general obligation bonds not exceeding $2,000,000 to assist the City of Jackson in constructing a parking lot and related facilities for the Jackson Convention Center
- Bonds may have a maturity period of up to 25 years, with interest rates not to exceed limits in Section 75-17-101 of Mississippi Code, and may be called for redemption at the state's option
- Creates a special fund designated "2023 City of Jackson Convention Center Parking Lot Fund" within the State Treasury to receive bond proceeds and disburse funds for the parking lot project
- Bonds are general obligations of the state backed by the full faith and credit of Mississippi, with principal and interest payable from appropriated funds or by the State Treasurer from the General Fund if insufficient
- No bonds may be issued under this act after July 1, 2027, and the act takes effect July 1, 2023
Legislative Description
Bonds; authorize issuance to assist City of Jackson with construction of a parking lot for the Jackson Convention Center.
Last Action
Died In Committee
2/22/2023
Committee Referrals
Ways and Means1/16/2023
Full Bill Text
No bill text available