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MS HB1770
Bill
Status
2/22/2023
Primary Sponsor
Jerry Turner
Click for details
AI Summary
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Authorizes issuance of up to $1,000,000 in state general obligation bonds to help the City of Saltillo, Mississippi, pay for construction of a new fire station
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Creates the "2023 City of Saltillo Fire Station Construction Fund" as a special fund within the State Treasury to hold and disburse bond proceeds
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Bonds may have a maturity of up to 25 years and are backed by the full faith and credit of the State of Mississippi
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Bond proceeds and interest earned are exempt from all state taxation and qualify as legal investments for fiduciaries and public fund deposits
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No bonds may be issued under this act after July 1, 2027
Legislative Description
Bonds; authorize issuance to assist City of Saltillo with construction of a new fire station.
Last Action
Died In Committee
2/22/2023