Mississippi SB3188 authorizes state bonds to fund wastewater and sewer upgrades in Lowndes County's Supervisor District Four.
Mississippi SB3188 authorizes the issuance of state general obligation bonds to fund wastewater and sewer upgrades in Lowndes County's Supervisor District Four. The bonds, up to $1,000,000, will be issued by the State Bond Commission and cannot be issued after July 1, 2030. A special fund, the "2026 Lowndes County Wastewater and Sewer Fund," will be created to manage the bond proceeds. Investment earnings from this fund will cover debt service on the bonds. The bonds will be exempt from state taxes and will mature within 25 years.
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.