Mississippi Senate Bill SB2208

Mississippi 2022 Regular Session

• Introduced: 1/13/22
• Refer: 1/13/22
• Failed: 2/23/22

Caption

Bonds; authorize issuance to assist Tunica County in paying costs of improvements to local roads used by casino customers.

Impact

The creation of a special fund, named the '2022 Tunica County Roads Improvements Fund,' will allow the state to manage and allocate the proceeds from the bond issuance effectively. Monies deposited into this fund will be managed by the Department of Finance and Administration, which will have discretion over the disbursement of funds for the identified road projects. This structure ensures that transportation improvements directly benefit the areas that contribute significantly to state revenue through casino operations.

Summary

Senate Bill 2208 authorizes the issuance of state general obligation bonds to provide funding for the construction and improvement of local roads and highways in Tunica County, Mississippi. These roads are primarily used by customers of the casinos in the area, suggesting a direct impact on the local economy driven by tourism and casino patrons. The total amount of bonds that can be issued under this legislation is capped at $5.5 million, emphasizing that the financial strategy is aimed at improving infrastructure essential for supporting the casino industry in Tunica County.

Contention

Potential points of contention surrounding SB2208 may arise regarding the prioritization of funding for roads primarily associated with the casino industry. Critics may argue that such allocation of state funds could detract from broader infrastructure needs throughout Mississippi. By focusing resources on specific local improvements rather than other state-wide necessities, opponents might contend that the bill does not address the comprehensive infrastructure challenges faced by more rural or economically disadvantaged areas of the state.