Mississippi Business Journal » bond

In wake of bond issue failure, golf course fights to stay playable

Associated Press — Tue, 21 May 2013 11:37:40 +0000

MCCOMB — The state parks director is optimistic his agency can come up with the money to restore bug-eaten greens at Quail Hollow Golf Course this summer, despite the failure of the Legislature to approve a parks bond issue. Ramie Ford spoke to some 60 golfers on the patio behind the Quail Hollow clubhouse at [...]

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Senator claims Obama has cost TVA hundreds of millions of dollars

Associated Press — Thu, 16 May 2013 14:00:42 +0000

NORTH MISSISSIPPI — Sen. Lamar Alexander (R-Tenn.) says President Barack Obama’s plan to consider selling the Tennessee Valley Authority has already cost hundreds of millions of dollars — even if the nation’s largest public utility is never sold. The Tennessee Republican said TVA bonds lost about $500 million in value after the president’s announcement last [...]

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Council gives nod to borrowing for downtown baseball stadium

Associated Press — Wed, 15 May 2013 11:14:21 +0000

BILOXI — The Biloxi City Council has voted 5-2 on a resolution that could lead to the borrowing of $20 million for the construction of an athletic stadium. Councilmen George Lawrence and David Fayard voted against the plan. WLOX-TV in Biloxi reports Councilman Ed Gemmill told other council members that a downtown baseball stadium would [...]

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Judge denies bond in doctor/lawyer murder-for-hire case

Associated Press — Sun, 12 May 2013 20:40:45 +0000

GREENWOOD — Bond has again been denied for Dr. Arnold Smith but a judge says he may reconsider after the doctor undergoes a mental examination. The Greenwood Commonwealth reports prosecutors told Judge Breland Hilburn that a bed is open for Smith at the State Hospital in Whitfield. They have not said when he might be [...]

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County borrowing to buy land from alternative fuels company

Associated Press — Fri, 03 May 2013 00:03:59 +0000

NATCHEZ — Adams County will borrow the $9 million it now needs to buy the former International Paper property from Rentech. County officials announced earlier this week they had reached a deal with Rentech for the 478-acre property. Officials tell the Natchez Democrat the board of supervisors will adopt a resolution to issue bonds for the [...]

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State bonds push new nursing facility toward construction

MBJ Staff — Tue, 23 Apr 2013 11:35:53 +0000

HATTIESBURG — The Mississippi Legislature’s authorization of $20 million in state bonds will help elevate a new nursing building at the University of Southern Mississippi from the planning stage to the construction phase. Southern Miss will receive the funding this year, which will expedite plans for the building – to be named Asbury Hall and [...]

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Bonding company repays county for missing arena funds

Associated Press — Wed, 03 Apr 2013 11:43:46 +0000

CORINTH — Alcorn County supervisors have accepted $34,678 from the bonding company for former Crossroads Arena manager Reggie Churchwell to replace missing funds found by state auditors. The Daily Corinthian reports the money will be paid by Travelers Casualty and Surety Company. The board of supervisors signed off on the amount Monday. In October of [...]

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Legislators comfortable with nearly $200M bond package

Associated Press — Mon, 01 Apr 2013 11:54:55 +0000

JACKSON — Top Mississippi lawmakers say they’ve agreed on a bond package of about $200 million for the coming year. Senate Finance Committee chairman Joey Fillingane says that includes about $96 million to be divided among the eight universities, including the University of Mississippi Medical Center. The package also has about $25 million for community [...]

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Nissan-Canton bill passes but blocked from governor’s desk

Associated Press — Mon, 01 Apr 2013 11:47:35 +0000

CANTON — The Mississippi House Saturday passed a bill to help finance buildings for suppliers that might locate at Nissan Motor Co.’s plant near Canton. The bill was blocked from going to Gov. Phil Bryant immediately because some House members are seeking a second round of debate. Senate Bill 2920 would allow the Madison County [...]

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Legislators discussing bonds for Nissan or supplier

Associated Press — Wed, 27 Mar 2013 14:31:18 +0000

CANTON —-Mississippi lawmakers are considering giving a Madison County development agency $100 million in bonding capacity that would be used to construct buildings for Nissan Motor Co. or a supplier of the automaker. The Madison County Economic Development Authority would issue the taxable industrial development bonds, which the occupant would repay. Officials say that creditors [...]

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