Mississippi 2024 Regular Session

Mississippi House Bill HB95

Introduced
1/17/24  
Refer
1/17/24  

Caption

Bonds; authorize issuance to assist City of Baldwyn with paving Poplar Street.

Impact

The passage of HB 95 would create a special fund referred to as the '2024 City of Baldwyn Poplar Street Fund.' This fund will be distinctly maintained and separate from the state's General Fund, ensuring that the resources are dedicated solely for the intended purpose of paving Poplar Street. Importantly, any unspent funds at the end of each fiscal year would not revert back to the General Fund, maintaining the financial integrity of the project funding through its lifecycle.

Summary

House Bill 95 authorizes the issuance of general obligation bonds in the amount not to exceed $142,915 to assist the City of Baldwyn, Mississippi. The funds raised through these bonds would be allocated specifically for costs related to the construction, engineering, and associated expenses for paving Poplar Street. The bill is positioned to provide direct support to local infrastructure improvements, which are crucial for enhancing transportation and accessibility within the city.

Contention

One notable point within the bill is its reliance on state credit and the assurance that bond payments will be backed by the full faith of the State of Mississippi. Critics of such measures might raise concerns over placing further burdens on the state's financial obligations, particularly if local projects like the Poplar Street paving do not yield anticipated benefits. Thus, while the bill aims to directly enhance local infrastructure, it raises discussions on fiscal responsibility and the broader implications of state-funded initiatives.

Companion Bills

No companion bills found.

Previously Filed As

MS HB429

Bonds; authorize issuance to assist City of Baldwyn with overlaying certain streets.

MS HB438

Bonds; authorize issuance to assist City of Baldwyn with certain drainage improvements.

MS HB215

Bonds; authorize issuance to assist City of Baldwyn with improvements to Carrollville Avenue.

MS HB439

Bonds; authorize issuance to assist City of Baldwyn with improvements to Carrolville Avenue.

MS HB437

Bonds; authorize issuance to assist City of Baldwyn with County Road 170 gas line extension project.

MS HB440

Bonds; authorize issuance to assist City of Baldwyn with County Road 167 gas line extension project.

MS HB441

Bonds; authorize issuance to assist City of Baldwyn with County Road 6105 water line replacement project.

MS HB977

Bonds; authorize issuance to assist City of Byhalia with relocation of utilities and street paving.

MS HB1514

Bonds; authorize issuance to assist City of Guntown with widening of and other improvements to Sides Street and Long Street.

MS HB43

Bonds; authorize issuance to assist City of Pearl with improvements to city hall.

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.