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MS HB896
Bill
Status
Failed
3/27/2024
Primary Sponsor
Beth Waldo
Click for details
AI Summary
- Authorizes issuance of state general obligation bonds not to exceed $500,000 to assist the City of Pontotoc, Mississippi in constructing a building for the Pontotoc Farmers Market
- Creates a special fund called the "2024 City of Pontotoc Farmers Market Fund" within the State Treasury to receive and disburse bond proceeds
- Bonds may mature up to 25 years from date of issue with interest rates not exceeding limits in Mississippi Code Section 75-17-101
- All bonds are backed by the full faith and credit of the State of Mississippi; any shortfall in appropriated funds shall be paid by the State Treasurer from the General Treasury
- Bond issuance authority expires July 1, 2028; any remaining fund balance after project completion shall be applied to debt service on the bonds
Legislative Description
Bonds; auhtorize issuance to assist City of Pontotoc to with constructing a farmers market building.
Last Action
Died In Committee
3/27/2024
Committee Referrals
Ways and Means2/2/2024
Full Bill Text
No bill text available