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MS SB2030
Bill
AI Summary
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Authorizes issuance of up to $200,000 in state general obligation bonds to assist the City of Rolling Fork, Mississippi, with demolition and cleanup of dilapidated downtown structures
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Creates the "2023 Rolling Fork Downtown Structures Demolition and Cleanup Fund" as a special fund within the State Treasury to receive 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 interest earnings 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
Legislative Description
Bonds; authorize issuance for demolition and cleanup of dilapidated structures in downtown Rolling Fork.
Last Action
Died In Committee
2/22/2023