Mississippi 2024 Regular Session

Mississippi House Bill HB1827

Introduced
3/12/24  
Refer
3/12/24  

Caption

Bonds; authorize issuance to assist Washington County with road, school and park projects.

Impact

The passage of this bill is expected to have a significant impact on local infrastructure by providing necessary funds for projects that may otherwise struggle to secure financial backing. This infusion of capital is likely to improve road safety, enhance educational facilities, and upgrade community parks, contributing to the overall quality of life in Washington County. Additionally, the creation of a designated fund ensures that resources will be managed effectively and that unspent funds will not revert to the state’s general fund, thereby prioritizing these projects.

Summary

House Bill 1827 authorizes the issuance of state general obligation bonds aimed at assisting Washington County, Mississippi, with various public projects. The bill outlines that funds from these bonds will specifically go towards road improvements, school renovations, and park enhancements across the county. The total amount of bonds authorized under this act shall not exceed $7,258,020, and these bonds are designated to be repaid over a period not exceeding twenty-five years.

Contention

While the bill aims to support local development, it also raises concerns regarding government borrowing and financial management. Critics argue that the introduction of additional state bonds could potentially lead to increased state debt. Furthermore, the reliance on general obligation bonds means that taxpayers' money is ultimately responsible for repayment, sparking discussions about fiscal responsibility and the prioritization of public projects. As such, the passage of HB1827 may ignite further debate within the community regarding the funding strategies employed by the government.

Companion Bills

No companion bills found.

Previously Filed As

MS HB1529

Bonds; authorize issuance to assist Lafayette County with certain road and bridge projects.

MS HB642

Bonds; authorize issuance to assist Clay, Lowndes and Oktibbeha Counties with certain road projects.

MS HB123

Bonds; authorize issuance to assist Holmes County with improvements to county roads and buildings.

MS HB213

Bonds; authorize issuance to assist Prentiss County with bridge projects.

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 HB1736

Bonds; authorize issuance to assist Perry County with making upgrades and improvements to three county roadways.

MS HB1501

Bonds; authorize issuance to assist Claiborne County with road improvements.

MS HB441

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

MS HB430

Bonds; authorize issuance to assist Prentiss County with road and bridge improvements.

Similar Bills

MS HB1748

Bonds; authorize issuance to assist Washington County with road, school and park projects.

MS HB1757

Bonds; authorize issuance to assist Washington County with various projects.

MS HB1839

Bonds; authorize issuance to assist Washington County with road, school and park projects.

MS HB502

Bonds; authorize issuance to assist Washington County with various projects.

MS HB405

Bonds; authorize issuance to assist Washington County with road, school and park projects.

MS HB1749

Bonds; authorize issuance to assist Washington County with road projects.

MS HB406

Bonds; authorize issuance to assist Washington County with certain road projects.

MS HB215

Bonds; authorize issuance to assist City of Okolona with street overlay projects.