Mississippi HB1808: Bonds; authorize issuance to assist City of Oxford with certain road projects.

What the bill says

An act to authorize the issuance of state general obligation bonds to provide funds to assist the city of oxford, mississippi, in paying costs associated with construction and development of a round about at and near the intersection of college hill road and mcelroy drive and a round about at and near the intersection of college hill road and old sardis road, and construction and extension of a turn lane and bicycle lanes at and near the intersection of college hill road and jackson avenue; and for related purposes.

From the introduced text:

AN ACT TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO ASSIST THE CITY OF OXFORD, MISSISSIPPI, IN PAYING COSTS ASSOCIATED WITH CONSTRUCTION AND DEVELOPMENT OF A ROUND ABOUT AT AND NEAR THE INTERSECTION OF COLLEGE HILL ROAD AND MCELROY DRIVE AND A ROUND ABOUT AT AND NEAR THE INTERSECTION OF COLLEGE HILL ROAD AND OLD SARDIS ROAD, AND CONSTRUCTION AND EXTENSION OF A TURN LANE AND BICYCLE LANES AT AND NEAR THE INTERSECTION OF COLLEGE HILL ROAD AND JACKSON AVENUE; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. (1) As used in this act, the following words shall have the meanings ascribed herein unless the context clearly requires otherwise: (a) "State" means the State of Mississippi. (b) "Commission" means the State Bond Commission. (2) The principal of and interest on the bonds authorized under this act shall be payable in the manner provided in this subsection. Such bonds shall bear such date or dates, be in such denomination or denominations, bear interest at such rate or rates (not to exceed the limits set forth in Section 75-17-101, Mississippi Code of 1972), be payable at such place or places within or without the State of Mississippi, shall mature absolutely at such time or times not to exceed …