Mississippi HB4098 authorizes the issuance of state bonds to fund the Mississippi County Sheriffs Radar Speed Detection Equipment Loan Fund, enabling.
Mississippi HB4098 authorizes the issuance of state general obligation bonds to provide funds for the Mississippi County Sheriffs Radar Speed Detection Equipment Loan Fund. The Department of Finance and Administration will establish a program to provide loans to counties for the purchase of radar speed detection equipment. The equipment can be used by sheriffs and their deputies in designated school and work zones. The bonds are exempt from state taxation and bear interest at rates not exceeding statutory limits.
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