Posts Tagged ‘bond’

State bonds push new nursing facility toward construction

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 […] [...]

Bonding company repays county for missing arena funds

by Associated Press Published: April 3,2013

Tags: arena, board of supervisors, bond, bonding, county government, entertainment, funding, funds, repayment, sports, supervisor

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 […] [...]

Legislators comfortable with nearly $200M bond package

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 […] [...]

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

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 […] [...]

Legislators discussing bonds for Nissan or supplier

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 […] [...]

Moody’s downgrades city’s bond rating

by Associated Press Published: March 7,2013

Tags: bond, bond rating, borrow, city, debt, finance, loan, municipal, municipality

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 […] [...]

Supervisors moving forward on bonds for Powersite

by Associated Press Published: March 6,2013

Tags: board of supervisors, bond, county government, electricity, energy, plant, power, site, supervisor

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 […] [...]

Council rejects mayor’s $10M bond issue for streets

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 […] [...]

State House gives nod to $184M in bonds

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 […] [...]

Johnson wants to use bond issue to fund $10M in street paving

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 […] [...]

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