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MS HB1757

Bill

Status

Failed

3/27/2024

Primary Sponsor

John Hines

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • Authorizes issuance of state general obligation bonds totaling up to $4,693,200 to fund road, school, and park projects in Washington County, Mississippi, with bonds not to be issued after July 1, 2028.

  • Road projects funded include: Old Leland Road improvements ($1,400,000), California Street/Robertshaw Road intersection improvements ($1,200,000), U.S. Highway 61 and Mississippi Highway 12 intersection improvements ($200,000), and North Broadway Street improvements ($1,547,410).

  • Allocates $75,000 for Simmons High School safety-related repairs and renovations, and $270,790 for Paul Love, Jr. Park repairs and improvements.

  • Creates the "2024 Washington County Projects Fund" within the State Treasury to receive bond proceeds, with unexpended amounts and interest earnings dedicated to debt service on the bonds.

  • Pledges the full faith and credit of Mississippi for bond repayment; bonds are general state obligations exempt from state taxation and may be issued by the State Bond Commission under specified procedures.

Legislative Description

Bonds; authorize issuance to assist Washington County with various projects.

Last Action

Died In Committee

3/27/2024

Committee Referrals

Ways and Means3/1/2024

Full Bill Text

No bill text available