BREAKING NEWS – Miss. lawmakers propose $282 M to finance projects
Published 5:06 pm Thursday, March 26, 2009
Mississippi lawmakers are proposing that the state should issue more than $282 million in bonds to pay for big public projects.
The final, compromise version of a bond bill was filed late Wednesday and awaits votes in the House and Senate.
The bill includes $35 million for universities, $12 million for community colleges and $20 million for local bridge replacement. It also has $12 million for the state Crime Lab and $3 million for the Port of Greenville, and millions for museums, zoos, fire trucks and other items.
The state issues bonds to finance projects such as repairs and renovations of public facilities, and the money is paid off over several years.
The bill is House Bill 1722.