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MS HB944
Bill
Status
2/26/2025
Primary Sponsor
Larry Byrd
Click for details
AI Summary
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Authorizes issuance of state general obligation bonds up to $550,000 to provide funds to the City of Petal, Mississippi for the Petal Area Chamber of Commerce building project.
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Funds will be used to assist in paying costs associated with the purchase, renovation, and equipping of a building located at 226 E. Central Avenue in Petal to house the Chamber of Commerce.
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Creates a special fund designated "2025 City of Petal - The Petal Area Chamber of Commerce Building Fund" within the State Treasury to receive bond proceeds and disburse funds to the City of Petal.
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Bonds shall be general obligations of Mississippi with full faith and credit pledged; bonds may mature up to 25 years from issue date and no bonds may be issued after July 1, 2029.
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Takes effect July 1, 2025.
Legislative Description
Bonds; authorize issuance to assist with purchase and renovation of a building by The Petal Area Chamber of Commerce.
Last Action
Died In Committee
2/26/2025