Mississippi House Bill HB93

Mississippi 2023 Regular Session

• Introduced: 1/4/23
• Refer: 1/4/23
• Failed: 2/22/23

Caption

Bonds; authorize issuance to assist Mississippi Minority Farmers Alliance with repair of building and parking lot.

Impact

The act creates a special fund known as the '2023 Mississippi Minority Farmers Alliance Building Repair Fund', which will be maintained separately from the state's general fund. This ensures that the funds intended for the repair project are explicitly allocated and prevents them from being used for unrelated state expenses. Moreover, any unspent amounts at the end of the fiscal year will remain in this dedicated fund instead of reverting to the general fund, allowing for potential future use if needed.

Summary

House Bill 93 authorizes the issuance of state general obligation bonds to provide financial assistance to the Mississippi Minority Farmers Alliance for the purpose of repairs to its building and parking lot located in Monroe County, Mississippi. This bill aims to support the infrastructural needs of minority farmers, which is essential for their operational stability and growth, thereby enhancing their contribution to local agriculture and economy.

Contention

One point of contention could arise regarding the financial implications of using state funds for the issuance of bonds, particularly concerning the repayment obligations that taxpayers may face. Additionally, discussions may emerge about prioritizing funding allocation to minority organizations versus other state needs. Representatives may debate the necessity for such targeted funding or express concerns regarding the efficiency and transparency of the allocation process.