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MS SB2178
Bill
AI Summary
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Authorizes issuance of up to $1,000,000 in state general obligation bonds to assist the Sand Creek Wastewater Authority with engineering improvements, system capacity expansion, and debt retirement
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Creates the "2023 Sand Creek Wastewater Authority Assistance Fund" as a special fund within the State Treasury, with unexpended amounts and interest earnings remaining in the fund rather than lapsing to the General Fund
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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 Mississippi 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 to assist Sand Creek Wastewater Authority in system expansion and improvements, and debt retirement.
Last Action
Died In Committee
2/22/2023