Bill
Bill > HB112
summary
Introduced
01/10/2025
01/10/2025
In Committee
01/10/2025
01/10/2025
Crossed Over
Passed
Dead
02/26/2025
02/26/2025
Introduced Session
2025 Regular Session
Bill Summary
An Act To Authorize The Issuance Of State General Obligation Bonds To Provide Funds To Assist Bolivar County, Mississippi, In Paying Costs Associated With The Third Phase Of Development Of The Terrene Landing Project Near Rosedale, Mississippi; To Authorize The Issuance Of State General Obligation Bonds To Provide Funds To Assist In Paying Costs Associated With Improvements At Great River Road State Park In Rosedale, Mississippi; To Authorize The Issuance Of State General Obligation Bonds To Provide Funds To Assist In Paying Costs Associated With Improvements To The Mound Bayou African-american Museum And Interpretive Center In Mound Bayou, Mississippi; To Authorize The Issuance Of State General Obligation Bonds To Provide Funds To Assist Bolivar County, Mississippi, In Paying Costs Associated With Development And Improvement Of Signage And Promotion For Civil Rights Historical Sites In Bolivar County; To Authorize The Issuance Of State General Obligation Bonds To Provide Funds To Assist The City Of Cleveland, Mississippi, In Paying Costs Associated With Construction And Development Of Parks In The City And Improvements To Parks In The City, Improvements To Facilities For A Community Center And Community Kitchen In The City, Development Of A Mural On Or Along Kamien Way And The Installation Of Electric Vehicle Charging Stations In The Downtown Area Of The City; To Authorize The Issuance Of State General Obligation Bonds To Provide Funds To Assist The City Of Cleveland, Mississippi, In Paying Costs Associated With Improvements To Parks And Recreation Facilities In The City; And For Related Purposes.
AI Summary
This bill authorizes the issuance of state general obligation bonds to fund several specific projects in Bolivar County, Mississippi, and the City of Cleveland. The bill creates multiple special funds within the State Treasury to support distinct development initiatives. These include: $1,550,000 for the Bolivar County Riverfront Development Fund (supporting the Terrene Landing project and Great River Road State Park improvements), $180,500 for the Bolivar County Civil Rights Tourism Development Fund (for the Mound Bayou African American Museum and Civil Rights historical site signage), $440,000 for the City of Cleveland Downtown Improvement Projects Fund (covering various downtown projects like a pocket park, food truck park, skate park, community center improvements, a mural, and electric vehicle charging stations), and $519,000 for the City of Cleveland Parks and Recreation Improvements Fund (for various park and facility upgrades). The bonds will be issued by the State Bond Commission, bear interest not exceeding legal limits, mature within 25 years, and represent general obligations of the state with the full faith and credit of Mississippi backing them. The bill specifies that no bonds can be issued after July 1, 2029, and provides detailed provisions for bond issuance, management, and fund disbursement. The act is set to take effect on July 1, 2025.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died In Committee (on 02/26/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2025/pdf/history/HB/HB0112.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2025/html/HB/0100-0199/HB0112IN.htm |
Loading...