Mississippi 2024 Regular Session

Mississippi Senate Bill SB3194

Introduced
3/26/24  
Refer
3/26/24  

Caption

Bonds; authorize to assist City of Baldwyn, City of Saltillo, VFW Post 4057, and Lee County in paying for capital projects.

Impact

The bill facilitates the issuance of approximately $5 million in bonds, which will be managed by the State Bond Commission. The financing is structured to ensure that the bonds will be repaid over a period not exceeding 25 years and stipulates that no bonds will be issued after July 1, 2028. The funds will be directed towards various essential projects which aim to enhance public amenities, safety, and emergency preparedness within the involved jurisdictions.

Summary

Senate Bill 3194 is designed to authorize the issuance of general obligation bonds by the State of Mississippi to finance various capital projects across several municipalities and entities. Specifically, the bill earmarks funding for the City of Baldwyn to enhance its city park, the City of Saltillo for the completion of a new fire department, and VFW Post 4057 in Tupelo for renovations needed at the post. Furthermore, it allocates funds to assist Lee County in numerous improvements, including infrastructure upgrades, emergency services, and civic centers responsible for public safety during extreme weather events.

Contention

During discussions regarding SB3194, there were questions about the fiscal impact on the state and whether the proposed increases in public funding through bond issuance would trend towards sustainable economic growth. Additionally, while many stakeholders support enhancements in infrastructure and public safety, some expressed concerns about the implication of long-term debt obligations and whether such investments could detract from funding other critical areas such as education and health services. The diverse opinions highlight the ongoing debate over local government finance and state budget priorities.

Companion Bills

No companion bills found.

Previously Filed As

MS SB2179

Bonds; authorize to assist City of Saltillo in paying costs of construction of new fire station.

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 HB1770

Bonds; authorize issuance to assist City of Saltillo with construction of a new fire station.

MS HB441

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

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 SB2177

Bonds; authorize to assist Lee County in paying costs of fire truck purchase for Richmond community.

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.

Similar Bills

MS SB3165

Bonds; authorize issuance to assist in paying costs of various projects in Scott and Newton Counties.

MS SB3145

Bonds; authorize to assist in paying costs of improvements in Yalobusha, Calhoun, Chickasaw, Pontotoc and other counties.

MS SB3151

Bonds; authorize issuance to assist in paying costs of various projects in Alcorn and Tippah Counties.

MS SB3199

Bonds; authorize for projects for Holmes County, Town of Tchula, and Cities of Durant, Carthage and Canton.

MS HB1231

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

MS HB1501

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

MS SB3074

Bonds; authorize to assist in paying for road paving and bridge repairs in Clay County Supervisor District 4.

MS HB1647

Bonds; authorize issuance to assist Claiborne County with lagoon project.