Bill
Bill > HB728
MS HB728
MS HB728Capitol Complex Improvement District; increase amount of short-term debt that DFA may incur to implement and administer projects.
summary
Introduced
01/17/2019
01/17/2019
In Committee
02/26/2019
02/26/2019
Crossed Over
02/20/2019
02/20/2019
Passed
Dead
03/19/2019
03/19/2019
Introduced Session
2019 Regular Session
Bill Summary
An Act To Amend Section 29-5-215, Mississippi Code Of 1972, To Increase The Amount Of Short-term Debt That The Department Of Finance And Administration May Incur To Implement And Administer The Projects In The Capitol Complex Improvement District Secured By The Portion Of The Proceeds Of The Special Sales Tax Allocated To The Capitol Complex Improvement District Fund; And For Related Purposes.
AI Summary
This bill amends Section 29-5-215 of the Mississippi Code to increase the maximum amount of short-term debt that the Department of Finance and Administration (DFA) may incur to implement and administer improvement projects in the Capitol Complex Improvement District. Specifically, the bill increases the debt limit from $7 million to $9 million. The debt is secured by the portion of sales tax revenue allocated to the Capitol Complex Improvement District Project Fund. The bill also specifies that the debt must be repaid within 5 years.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Died In Committee (on 03/19/2019)
Official Document
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