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MS HB837
Bill
Status
Failed
2/26/2025
Primary Sponsor
Stephanie Foster
Click for details
AI Summary
- Authorizes issuance of up to $10,000,000 in state general obligation bonds to assist Hinds County with paving rural roads in Bolton, Edwards, and the Brownsville unincorporated community
- Creates a special "2025 Hinds County Rural Roads Fund" within the State Treasury to receive bond proceeds and disburse funds for road paving costs and related debt service
- Bonds shall 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 may be used to support citizens' access to economic opportunities, commerce, quality of life activities, and educational, healthcare, and government services
- 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 paving certain rural roads.
Last Action
Died In Committee
2/26/2025
Committee Referrals
Ways and Means1/16/2025
Full Bill Text
No bill text available