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MS SB3112
Bill
AI Summary
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Authorizes issuance of up to $15,000,000 in state general obligation bonds to fund emergency water storage facilities near Anderson Regional Medical Center and Rush Health Systems in Meridian, Mississippi
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Creates the "2023 City of Meridian Emergency Water Storage Fund" within the State Treasury to hold bond proceeds, 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 issuance to assist in paying costs of emergency water storage near medical facilities in Meridian.
Last Action
Died In Committee
2/22/2023