Bonds; authorize issuance to assist Claiborne County with implementation of a county stormwater management program.
Impact
The legislation also ensures that the funds allocated will not lapse into the State General Fund at the end of the fiscal year, allowing Claiborne County to have a stable financial backing for its stormwater management initiatives. The funds can be used for various project costs as specified in the bill, directing attention to local environmental management efforts. The act is expected to enhance the county's ability to manage stormwater effectively, potentially reducing the impact of flooding and promoting sustainable water management in the area.
Summary
House Bill 1505 is a legislative proposal aimed at assisting Claiborne County, Mississippi, through the issuance of state general obligation bonds. This bill authorizes the state to issue bonds up to a total amount of $250,000 to fund the county's costs associated with implementing a watershed-based stormwater management program. The establishment of a dedicated fund, referred to as the '2023 Claiborne County Stormwater Management Program Fund', is a crucial provision, allowing for the management and disbursement of the bond proceeds specifically for this purpose.
Contention
No specific points of contention have been highlighted in the discussions or voting history of the bill. However, as with many funding-related bills, potential debates could emerge around the effective allocation of state resources and the prioritization of funding for local environmental projects versus other pressing needs.
Local governments capital improvements revolving loan program; revise definition of "capital improvements", extend repealer on MDA authority to use certain funds for expenses.