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MS HB1882
Bill
Status
Failed
2/26/2025
Primary Sponsor
Fabian Nelson
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AI Summary
- Authorizes the State Bond Commission to issue up to $100,000 in general obligation bonds, with a deadline of July 1, 2029 for issuance.
- Creates the "2025 Hinds County Security Cameras Fund" within the State Treasury to receive bond proceeds and distribute funds to subdivisions in House District 66 on an application basis.
- Funds are designated to assist with costs of purchasing and installing security cameras in eligible subdivisions.
- Bonds are full faith and credit obligations of Mississippi, exempt from state taxation, with principal and interest paid from the State Treasury if appropriated funds are insufficient.
- Takes effect July 1, 2025; any remaining fund balance after project completion shall be applied to bond debt service.
Legislative Description
Bonds; authorize issuance to provide funds to Hinds County to assist subdivisions in House District 66 with purchasing security cameras.
Last Action
Died In Committee
2/26/2025
Committee Referrals
Ways and Means2/25/2025
Full Bill Text
No bill text available