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MS HB836
Bill
Status
Failed
2/26/2025
Primary Sponsor
Stephanie Foster
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AI Summary
- Authorizes the State Bond Commission to issue up to $460,000 in general obligation bonds to fund acquisition and installation of ten emergency sirens throughout densely populated areas of Hinds County
- Creates a special "2025 Hinds County Emergency Sirens Fund" within the State Treasury to receive bond proceeds and disburse funds for the siren project
- Bonds may mature up to 25 years from issuance, with interest rates not to exceed limits in Mississippi Code Section 75-17-101, and cannot be issued after July 1, 2029
- Full faith and credit of the State of Mississippi is pledged to guarantee bond payments, with the State Treasurer responsible for paying principal and interest from state funds if appropriations are insufficient
- Bond proceeds are exempt from Mississippi state taxation, and any remaining funds after project completion shall be applied to debt service on the bonds
Legislative Description
Bonds; authorize issuance to assist Hinds County with installing emergency sirens.
Last Action
Died In Committee
2/26/2025
Committee Referrals
Ways and Means1/16/2025
Full Bill Text
No bill text available