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MS HB1756
Bill
Status
2/22/2023
Primary Sponsor
Dale Goodin
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AI Summary
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Authorizes the State Bond Commission to issue general obligation bonds not exceeding $49,500 to assist the Town of Richton, Mississippi with equipment purchases for its police department.
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Bond proceeds shall fund acquisition and installation of computers, computer software, printers, copiers, scanners, hand held radios, and body armor for the Richton Police Department.
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Creates a special fund designated "2023 Town of Richton Police Department Equipment Fund" within the State Treasury to receive and disburse bond proceeds for the authorized purposes.
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Bonds are general obligations of the State of Mississippi backed by the full faith and credit of the state, with interest rates not to exceed limits set in Mississippi Code Section 75-17-101 and maturity not exceeding 25 years from issuance.
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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 Town of Richton with equipment upgrades for town's police department.
Last Action
Died In Committee
2/22/2023