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MS HB4041
Bill
Status
Failed
3/27/2024
Primary Sponsor
William Arnold
Click for details
AI Summary
- Authorizes issuance of state general obligation bonds not to exceed $2,000,000 to assist Prentiss County, Mississippi in repairing Wyninegar Road from 9th Street to CR 7000
- Creates a special fund designated "2024 Prentiss County Wyninegar Road Fund" within the State Treasury to receive bond proceeds and disburse them for the road repair project
- Bonds may mature up to 25 years from date of issue with interest rates not exceeding limits in Mississippi Code Section 75-17-101, and are backed by the full faith and credit of the State of Mississippi
- Bond proceeds and income are exempt from all taxation in Mississippi, and any investment earnings on fund amounts shall be used for debt service on the bonds
- 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 Prentiss County with repairing Wyninegar Road.
Last Action
Died In Committee
3/27/2024
Committee Referrals
Ways and Means3/27/2024
Full Bill Text
No bill text available