Mississippi HB470 authorizes the issuance of state bonds to fund site development for the Old Town Crossing Project in Verona.
Mississippi HB470 authorizes the issuance of state general obligation bonds to provide funds to the City of Verona for site development related to the Old Town Crossing Project. The bonds, not exceeding One Million Dollars, will mature no later than July 1, 2030. The proceeds will be deposited into a special fund, the "2026 City of Verona - Old Town Crossing Project Fund," to cover project costs. The State Treasurer will manage the fund, ensuring unexpended amounts do not lapse into the State General Fund.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.