Law gives county investment option in selling of hospital
Published: April 8,2013
COLUMBUS — Lowndes County will have more flexibility to invest funds from the sale of a local hospital under a bill signed by Gov. Phil Bryant.
The Commercial Dispatch reports the county had invested the $30 million it received from the 2001 sale of the county hospital in a certificate of deposit. The 5.2 percent interest the county initially drew from the money dwindled to 0.19 percent before the passage of Senate Bill 2702.
Board of Supervisors president Harry Sanders says the bill will allow the county to invest the money to get a higher return.
Sanders says the money could be used for school bonds, county bonds and federal bonds but the county had to get special legislation to do that.
To sign up for Mississippi Business Daily Updates, click here.
Mississippi Economic Council
Mississippi Chambers of Commerce
Mississippi State Legislature
Mississippi Development Authority
Mississippi Economic Development Council
North Mississippi News
Social Security Disability Lawyer
Auto Accidents Lawyer
Top Posts & Pages
- Ingalls to lease former SRHS clinic in Gautier for employee medical center
- Aluminum company rumored for Columbus: 'clock' is for website, not plant site
- Shale oil: market correction or longterm direction?
- Miss. surgeon sentenced in tax evasion case
- WILLOUGHBY: Mayo Flynt leads AT&T Mississippi by enjoying both work and workers
- MARTIN WILLOUGHBY: Gary Herring building tomorrow by educating today
- MBJ exclusive: Jackson’s new airport CEO fulfills desire to taking on the top job
- Hyatt-Place is Columbus’ newest hotel option
- ‘No’ means being able to commit to ‘Yes’