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MS HB1713
Bill
Status
3/27/2024
Primary Sponsor
Orlando Paden
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AI Summary
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Authorizes issuance of state general obligation bonds up to $5,000,000 to provide funds to Bolivar County to assist the Town of Alligator with its 2024 Water and Sewer Improvement Project
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Creates a special fund called the "2024 Bolivar County - Town of Alligator Water and Sewer Improvements Fund" within the State Treasury to receive bond proceeds and disburse them for project costs
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Bonds may mature up to 25 years from date of issue at interest rates not exceeding limits set in Mississippi Code Section 75-17-101, with full faith and credit of the State of Mississippi pledged for repayment
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Bond proceeds shall be disbursed by the Department of Finance and Administration, with any remaining funds after project completion applied to pay debt service on the bonds
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No bonds may be issued under this act after July 1, 2028, and the act takes effect July 1, 2024
Legislative Description
Bonds; authorize issuance to assist Bolivar County with Town of Alligator water and sewer project.
Last Action
Died In Committee
3/27/2024