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MS HB681

Bill

Status

Failed

2/22/2023

Primary Sponsor

Solomon Osborne

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • 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

  • 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)

  • Creates the "2023 Mississippi Valley State University Repair and Renovation Fund" as a special fund within the State Treasury to hold bond proceeds

  • 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

  • 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

Committee Referrals

Ways and Means1/16/2023

Full Bill Text

No bill text available