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MS HB213

Bill

Status

Failed

2/22/2023

Primary Sponsor

Jerry Turner

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • 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

  • Creates the "2023 Prentiss County Bridge Fund" as a special fund within the State Treasury to receive and disburse bond proceeds

  • 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

  • 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

  • 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

Committee Referrals

Ways and Means1/4/2023

Full Bill Text

No bill text available