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MS HB437
Bill
Status
2/22/2023
Primary Sponsor
Jerry Turner
Click for details
AI Summary
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Authorizes Mississippi to issue up to $297,360 in state general obligation bonds to assist the City of Baldwyn with the County Road 170 gas line extension project
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Creates the "2023 City of Baldwyn-County Road 170 Gas Line Extension Project Fund" within the State Treasury to hold and disburse bond proceeds
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Bonds may have a maximum maturity of 25 years and are backed by the full faith and credit of the State of Mississippi
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Bond proceeds and income 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 County Road 170 gas line extension project.
Last Action
Died In Committee
2/22/2023