Mississippi Senate Bill SB2915

Mississippi 2022 Regular Session

• Introduced: 1/17/22
• Refer: 1/17/22
• Failed: 2/23/22

Caption

Bonds; authorize issuance to assist Walthall County in paying costs of construction of new sheriff's office facilities.

Impact

The passage of this bill is significant as it enables local government to secure financial resources necessary for enhancing public safety infrastructure through the establishment of modern facilities for law enforcement. With a maximum bond issuance capped at one million dollars, it seeks to ensure that Walthall County can meet its operational needs effectively. Furthermore, the assurance that funds will not lapse back into the state general fund supports the sustainability of budget allocation for the county's sheriff's office development.

Summary

Senate Bill 2915 aims to authorize the issuance of state general obligation bonds, specifically for the purpose of funding the construction of new facilities for the sheriff's office in Walthall County, Mississippi. The bill outlines the creation of a designated special fund where the proceeds from these bonds will be deposited and managed. The Department of Finance and Administration will have discretion over the disbursement of funds for the construction costs associated with this project.

Contention

One point of contention surrounding SB2915 could arise from the allocation and prioritization of state funds. Critics may argue whether such financial decisions are the best use of public money, especially in a climate where many municipalities face multiple competing needs. Moreover, while the bill indicates that the bonds shall have the full faith and credit of the State of Mississippi backing them, concerns regarding long-term financial implications and obligations to taxpayers may surface during discussions and evaluations of the bill.