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MS HB1827
Bill
Status
3/27/2024
Primary Sponsor
John Hines
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AI Summary
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Authorizes issuance of state general obligation bonds not to exceed $7,258,020.00 to assist Washington County, Mississippi with various infrastructure and improvement projects.
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Creates "2024 Washington County Projects Fund" as a special fund within the State Treasury to receive bond proceeds and disburse funds for specified projects.
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Allocates bond funds for nine specific projects: Chambers Middle School ($300,000), Old Leland Road ($1,400,000), California Street/Robertshaw Street intersection ($1,200,000), U.S. Highway 61/Mississippi Highway 12 intersection ($200,000), Simmons High School ($75,000), Broadway Street Extension ($1,547,410), park improvements ($1,547,410), Sarullo Circle ($648,064), and Mourning Dove Street ($340,136).
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Pledges full faith and credit of the State of Mississippi for bond repayment; bonds are exempt from state taxation and qualify as legal investments for fiduciaries and financial institutions.
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Establishes July 1, 2028 as the deadline for bond issuance; State Treasurer authorized to certify warrants for principal and interest payments as they become due.
Legislative Description
Bonds; authorize issuance to assist Washington County with road, school and park projects.
Last Action
Died In Committee
3/27/2024