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MS HB215
Bill
Status
2/22/2023
Primary Sponsor
Jerry Turner
Click for details
AI Summary
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Authorizes issuance of up to $350,000 in state general obligation bonds to assist the City of Baldwyn, Mississippi, with drainage improvements and road overlay on Carrollville Avenue
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Creates the "2023 City of Baldwyn-Carrollville Avenue Improvements Fund" as a special fund within the State Treasury to hold 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 City of Baldwyn with improvements to Carrollville Avenue.
Last Action
Died In Committee
2/22/2023