HB 206 - Bonds for Economic Development - Mississippi Key Vote

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Title: Bonds for Economic Development

Vote Smart's Synopsis:

Vote to pass a bill that creates the “Pontotoc Union Lee Alliance Project Improvements Fund,” overseen by the Mississippi Development Authority, to help pay for improvements to property sites of potential major economic development projects. The bill stipulates that no bonds shall be issued without matching funds of at least $4.5 million from Pontotoc, Union, and Lee Counties. The final amount of the total bonds issued are not to exceed $14.5 million.

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