NATCHEZ — The City of Natchez has received a slight downgrade to its bond rating. The Natchez Democrat reports the Moody’s Investors Service downgraded the city’s general obligation bond rating from A1 to A2. City financial adviser Demery Grubbs said the move should have no effect on the city’s capacity to borrow money. He said [...] [...]
WEST POINT — The board of supervisors has started the process toward issuing up to $10 million in bonds for development of the Prairie Belt Powersite in northern Clay County. The Daily Times Leader reports officials with the Golden Triangle Development LINK had requested that the board be ready to issue bonds when a major [...] [...]
by Associated Press Published: February 26,2013
Tags: bond, city council, city government, councilman, councilwoman, mayor, municipal, municipality, paving, roads, streets
JACKSON — The Jackson City Council has overwhelmingly rejected a $10-million bond issue for street repaving, a stinging rebuke of Mayor Harvey Johnson Jr.’s agenda in the waning months of his current term. Council members gave varying reasons for the measure’s defeat, but Budget Committee chairwoman Margaret Barrett-Simon blamed it on an unwillingness among members [...] [...]
by Associated Press Published: February 20,2013
Tags: bill, bond, build, building, community college, construction, debt, executive, higher education, legislation, legislative, legislator, Legislature, state government, university
JACKSON — House members want the state to borrow more than $184 million, mainly for new buildings at Mississippi’s community colleges and public universities. The House passed bills to borrow $120 million for universities, $25 million for community colleges and $3 million for a statewide community college headquarters. Members also agreed to borrow $5 million [...] [...]
by Associated Press Published: January 24,2013
Tags: bond, city council, city government, councilman, funding, infrastructure, issue, municipal, pave, pavement, paving, roadbuilder, roadbuilding, roads, street
JACKSON — Mayor Harvey Johnson Jr. says he will use funds from a bond issue to pay for a $10 million street paving project in the Capital City. Johnson tells The Clarion-Ledger the city council would have to sign off on the proposal. The city has devoted huge sums of money to fixing streets. Jackson [...] [...]
by Associated Press Published: January 16,2013
Tags: bank, banker, banking, board of supervisors, bond, county government, default, elected official, finance, financial institution, health care, hispital, home, homeowner, homestead exemption, house, mill, millage, public official, residence, resident, supervisor, tax, taxpayer
NATCHEZ — Natchez Regional Medical Center wants to take Adams County’s taxpayers off the hook as cosigners for its revenue bond. The Natchez Democrat reports the Mississippi Development Bank in 2006 required the hospital to show collateral before it would reissue the revenue bond. Adams County pledged a 5-mill standby tax that would not be [...] [...]
by Associated Press Published: January 3,2013
Tags: bill, bond, construction, education, executive, government, law, legislation, legislative, legislator, Legislature, public school, school, state, teach
JACKSON — With the 2013 Mississippi legislative session starting next week, Lt. Gov. Tate Reeves says he believes there’s bipartisan support for charter schools and for efforts to improve children’s reading skills in early elementary grades. The Rankin County Republican also says he would support a “reasonable, rational” bond bill that focuses on long-term needs, [...] [...]
by MBJ Staff Published: December 20,2012
Tags: agency, bond, cooperative, credit, credit ratinmg, debt, debt rating, electric, electricity, elevtricity, enegy, energy, federal, government, power, utility
NORTH MISSISSIPPI — Fitch Ratings has assigned an “AAA” rating to the $1-billion 2012 series B Tennessee Valley Authority (TVA) global power bonds. The bonds were priced Dec. 18, 2012. Proceeds from the 2012 series B bonds will be primarily used to refinance outstanding debt. In addition Fitch awarded a parity global power bond rating [...] [...]
by Associated Press Published: December 19,2012
Tags: bank, banker, banking, bench, bond, cash, court, crime, criminal, embezzle, embezzlement, embezzler, finance, financial institution, fraud, guilty, judge, judicial, judiciary, justice, law, legal, plea, steal, teller, theft, thief, vault
PICAYUNE — A former teller at a Picayune bank pleaded guilty to bank fraud for her role in the theft of $117,000 from a bank vault at Union Planters Bank. The Sun Herald reports 43-year-old Debra Mitchell was released on a $25,000 unsecured bond pending sentencing on March 18. Mitchell, of Carriere, was charged with [...] [...]
by Associated Press Published: November 27,2012
Tags: appeal, attorney, bench, bond, bribe, bribery, conviction, court, crime, criminal, decision, judge, judicial, judiciary, justice, law, lawyer, legal, ruling
OXFORD — A federal judge says former attorney Richard “Dickie” Scruggs may return home to Oxford on $2 million bond while his attorneys appeal a 2009 bribery conviction. The Northeast Mississippi Daily Journal reports Senior District Judge Glen Davidson set the bond yesterday for Scruggs, who has been imprisoned in Montgomery, Ala. Scruggs contends that [...] [...]
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