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.

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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.