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MS HB213
Bill
Status
2/22/2023
Primary Sponsor
Jerry Turner
Click for details
AI Summary
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Authorizes issuance of up to $9,903,800 in state general obligation bonds to fund repair and/or replacement of eight bridges in Prentiss County, Mississippi
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Creates the "2023 Prentiss County Bridge Fund" as a special fund within the State Treasury to receive and disburse bond proceeds
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Allocates specific amounts for bridge projects: $2,484,050 for Bridge SA59-015; $1,912,500 for Bridges SA59-033 and SA59-034; $2,437,400 for Bridges SA59-071 and SA59-093; $1,481,700 for Bridges SA59-114 and SA59-115; and $1,588,150 for Bridge SA59-029
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Bonds must be issued before July 1, 2027, with a maximum maturity of 25 years, and are backed by the full faith and credit of Mississippi
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Bond proceeds and income are exempt from all state taxation, and bonds qualify as legal investments for trustees, fiduciaries, and financial institutions
Legislative Description
Bonds; authorize issuance to assist Prentiss County with bridge projects.
Last Action
Died In Committee
2/22/2023