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Bill > HB1568


MS HB1568

MS HB1568
Bonds; authorize issuance for the Water Pollution Control Revolving Fund.


summary

Introduced
01/21/2019
In Committee
02/26/2019
Crossed Over
02/20/2019
Passed
03/21/2019
Dead
Signed/Enacted/Adopted
03/28/2019

Introduced Session

2019 Regular Session

Bill Summary

An Act To Authorize The Issuance Of State General Obligation Bonds In The Amount Of $7,940,000.00 To Provide Matching Funds For Federal Funds For The Water Pollution Control Revolving Fund; To Amend Section 49-17-85, Mississippi Code Of 1972, To Authorize Interest And Investment Earnings On Money In The Water Pollution Control Revolving Fund To Be Utilized To Pay Debt Service On The Bonds Authorized To Be Issued By This Act; And For Related Purposes.

AI Summary

This bill authorizes the issuance of $7,940,000 in state general obligation bonds to provide matching funds for federal funds for the Water Pollution Control Revolving Fund. It also amends existing law to allow the interest and investment earnings on money in the Water Pollution Control Revolving Fund to be used to pay debt service on the bonds authorized by this bill. The bill provides details on the issuance and sale of the bonds, including their terms, payment, and use of the proceeds.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Approved by Governor (on 03/28/2019)

bill text


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