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MS HB1760

Bill

Official Source

Status

Failed

3/27/2024

Primary Sponsor

Bill Kinkade

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • Authorizes issuance of state general obligation bonds up to $1,000,000 to assist the Town of Byhalia, Mississippi with repair, renovation, upgrades, and improvements to the Byhalia Old School Commons
  • Creates a special fund called the "2024 Town of Byhalia Old School Commons Fund" within the State Treasury to receive bond proceeds and disburse funds for the project
  • Bonds shall not exceed 25 years to maturity, bear interest rates within statutory limits, and be backed by the full faith and credit of the State of Mississippi
  • Bond proceeds shall be managed by the State Bond Commission, which is authorized to determine sale method, advertise for bids, and handle all aspects of bond issuance and delivery
  • No bonds may be issued under this authority after July 1, 2028, and the act takes effect July 1, 2024

Legislative Description

Bonds; authorize issuance to assist Town of Byhalia with repair and renovation of the Byhalia Old School Commons.

Last Action

Died In Committee

3/27/2024

Committee Referrals

Ways and Means3/5/2024

Full Bill Text

No bill text available