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MS HB418

Bill

Status

Failed

2/26/2025

Primary Sponsor

John Hines

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • 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.

  • 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).

  • 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.

  • 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.

  • 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

Committee Referrals

Ways and Means1/10/2025

Full Bill Text

No bill text available