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MS HB1884
Bill
Status
Failed
2/26/2025
Primary Sponsor
Fabian Nelson
Click for details
AI Summary
- Authorizes issuance of state general obligation bonds not to exceed $500,000 to assist Hinds County with road improvements in Supervisors District 5
- Creates a special fund designated "2025 Hinds County Supervisors District 5 Road Fund" within the State Treasury to receive bond proceeds and disburse them for road improvement costs
- Bonds mature within 25 years, bear interest at 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 Mississippi state taxation; any unexpended funds or investment earnings may be applied to pay bond debt service
- No bonds may be issued under this act after July 1, 2029, and the act takes effect July 1, 2025
Legislative Description
Bonds; authorize issuance to assist Hinds County with road improvements in Supervisors District 5.
Last Action
Died In Committee
2/26/2025
Committee Referrals
Ways and Means2/25/2025
Full Bill Text
No bill text available