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MS HB1738
Bill
Status
2/22/2023
Primary Sponsor
Dale Goodin
Click for details
AI Summary
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Authorizes issuance of up to $5,000,000 in state general obligation bonds to assist Perry County, Mississippi, with upgrading Delta Pine Road to Mississippi Highway 15 and relocating the main water line impacted by the roadway project
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Creates the "2023 Perry County Delta Pine Road Upgrades Fund" as a special fund within the State Treasury to receive and disburse bond proceeds
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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 them are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions
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No bonds may be issued under this act after July 1, 2027, with the act taking effect July 1, 2023
Legislative Description
Bonds; authorize issuance to assist Perry County with upgrading Delta Pine Road to MS Hwy 15.
Last Action
Died In Committee
2/22/2023