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MS SB3046

Bill

Status

Failed

2/25/2026

Primary Sponsor

Joseph Thomas

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Authorizes up to $1,000,000 in Mississippi state general obligation bonds to assist the Canton Housing Authority with redeveloping 100 public housing units in Canton, Mississippi
  • Creates the "2026 Canton Housing Authority Redevelopment Fund" as a special fund within the State Treasury to receive and disburse bond proceeds
  • Bonds may have a maximum maturity of 25 years and are backed by the full faith and credit of the State of Mississippi
  • Bond proceeds and income are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions
  • No bonds may be issued under this act after July 1, 2030

Legislative Description

Bonds; authorize to assist Canton Housing Authority in paying costs of redeveloping 100 public housing units.

Last Action

Died In Committee

2/25/2026

Committee Referrals

Finance2/10/2026

Full Bill Text

No bill text available