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MS HB418
Bill
Status
2/26/2025
Primary Sponsor
John Hines
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AI Summary
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Authorizes the State Bond Commission to issue up to $500,000 in general obligation bonds to assist the City of Greenville, Mississippi with repair and renovation costs for city parks and the municipal golf course.
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Allocates bond funds as follows: Greenville Municipal Golf Course ($125,000), Frisby Park ($125,000), Rounds Park ($125,000), and Maude Bryan Park ($125,000).
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Creates a special fund titled "2025 City of Greenville Parks and Municipal Golf Course Repair and Renovation Fund" within the State Treasury to receive and disburse bond proceeds.
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Bonds may mature up to 25 years from issue date, bear interest rates within statutory limits, and are backed by the full faith and credit of the State of Mississippi.
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Prohibits bond issuance after July 1, 2029; any remaining fund amounts after project completion shall be applied to bond debt service.
Legislative Description
Bonds; authorize issuance to assist City of Greenville with repair and renovation of city parks and golf course.
Last Action
Died In Committee
2/26/2025