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MS HB681
Bill
Status
2/22/2023
Primary Sponsor
Solomon Osborne
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AI Summary
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Authorizes issuance of up to $49,597,000 in state general obligation bonds for repair and renovation projects at Mississippi Valley State University, with bonds maturing no more than 25 years from issue date
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Allocates funds for five specific campus projects: Charles Lackey Recreation Center ($9,805,000), Fielding L. Wright Math and Science Building ($11,992,000), Leflore Residence Hall ($12,324,000), Ratcliff Hall ($11,670,000), and College Hall I ($3,806,000)
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Creates the "2023 Mississippi Valley State University Repair and Renovation Fund" as a special fund within the State Treasury to hold bond proceeds
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Bonds are backed by the full faith and credit of the State of Mississippi, and both bonds and income from them are exempt from all state taxation
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No bonds may be issued under this act after July 1, 2027
Legislative Description
Bonds; authorize issuance for repair and renovation projects at Mississippi Valley State University.
Last Action
Died In Committee
2/22/2023