Mississippi 2022 Regular Session

Mississippi Senate Bill SB3090

Introduced
2/17/22  
Refer
2/17/22  

Caption

Bonds; authorize issuance to assist City of Oxford in paying costs of repair and renovation of building for police department.

Impact

If enacted, this bill will establish a special fund known as the '2022 City of Oxford Police Department Building Renovation Fund,' ensuring that funds appropriated will only be used for the stated purposes of police infrastructure. The act emphasizes the creation of a dedicated financial resource, which will not lapse into the State General Fund at the end of the fiscal year, underscoring the commitment to supporting law enforcement. The funds will be available for expenditure at the discretion of the Department of Finance and Administration to ensure timely implementation of the repairs and renovations.

Summary

Senate Bill 3090 seeks to authorize the issuance of state general obligation bonds amounting to a maximum of four million dollars. The bill aims to provide financial assistance to the City of Oxford, Mississippi, specifically for the repair and renovation of a building designated for use by the City’s Police Department. This legislative measure is intended to support local law enforcement efforts and enhance public safety infrastructure within the community. The bond issuance will be managed by the State Bond Commission, which is empowered to determine the specifics of the bond issuance including terms, interest rates, and redemption provisions.

Execution

The authority granted by SB3090 allows for expedited issuance of bonds without requiring extensive further legislative approval. This provision aims to streamline funding processes for local governmental projects, enabling quicker improvements in community safety. Overall, this bill represents a measure that provides necessary financial tools to state municipalities to enhance their law enforcement capabilities and addresses local safety concerns effectively.

Contention

While the bill appears to promote crucial investment in law enforcement infrastructure, concerns may arise regarding the sustained financing of such bonds. The reliance on general obligation bonds means that future financial commitments will depend on the state's fiscal health, which brings to light discussions about long-term budgetary implications. Critics may point to the potential pressure on state funds, especially if the repayment of principal and interest on these bonds becomes challenging due to future economic conditions.

Companion Bills

No companion bills found.

Previously Filed As

MS HB1578

Bonds; authorize issuance to assist City of Oxford repair and renovation of a building for its police department.

MS HB1530

Bonds; authorize issuance to assist City of Oxford with repair and renovation of building for city's police department.

MS HB1515

Bonds; authorize issuance to assist City of Tupelo with repair and renovation of a building for the city's police department.

MS SB2381

Bonds; authorize issuance to assist South Pike School District in paying costs of repair and renovation of buildings.

MS SB2185

Bonds; authorize issuance to assist South Pike School District in paying costs of repair and renovation of buildings.

MS SB2221

Bonds; authorize issuance to assist City of Leland in paying costs of repair and renovation of city park.

MS SB3108

Bonds; authorize issuance to assist Town of Benoit in paying costs of repairs and renovations to town park.

MS SB2213

Bonds; authorize issuance to assist City of Rosedale in paying costs of repair and renovation of city park.

MS SB2212

Bonds; authorize issuance to assist City of Greenville in paying costs of repair and renovation of city parks.

MS HB1698

Bonds; authorize issuance to assist City of Canton with repair and renovation of City Hall building.

Similar Bills

MS SB2702

Mississippi Farm Reform Act; extend authority for issuance of general obligation bonds for Emerging Crops Fund.

MS SB2719

Workforce enhancement training fund; authorize use for workforce-related postsecondary education programs.

MS SB2286

Workforce Enhancement Training Fund contributions; provide for suspensions under certain circumstances.

MS HB1567

Workforce development; revise various provisions related to.

MS HB1461

Local governments capital improvements revolving loan program; revise definition of "capital improvements", extend repealer on MDA authority to use certain funds for expenses.

MS SB2856

Local Governments Capital Improvements Revolving Loan Program; include any project MDA deems a capital improvement.

MS HB1442

Conservatorship; revise required certificates for respondents in the State Hospital at the time of the petition.

MS HB1165

Mississippi Small Business Assistance Revolving Loan Program; establish.