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MS HB1832
Bill
Status
3/27/2024
Primary Sponsor
Earle Banks
Click for details
AI Summary
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Authorizes the State Bond Commission to issue up to $5,000,000 in general obligation bonds to fund construction and development of an emergency access road connecting Hawkins Field to Jackson Fire Station 20.
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Creates a special fund designated "2024 Jackson Municipal Airport Authority Emergency Access Road Fund" within the State Treasury to receive bond proceeds and disburse funds for the project.
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Bonds shall be general obligations of the State of Mississippi with full faith and credit pledged for repayment, mature within 25 years, and be exempt from state taxation.
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Establishes that bond proceeds may only be used for project costs and bond issuance expenses, with remaining funds applied to debt service after project completion or abandonment.
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No bonds may be issued under this authority after July 1, 2028.
Legislative Description
Bonds; authorize issuance to assist Jackson Municipal Airport Authority with construction of an emergency access road at Hawkins Field.
Last Action
Died In Committee
3/27/2024