Posts Tagged ‘bonds’

COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)

EDITOR’S NOTE: Commercial Finance 701 is a continuing series on commercial loans written exclusively for the Mississippi Business Journal.  This series is geared to lenders, developers, investors and transactional attorneys. Sir Thomas More, the obstinate attorney who — literally — lost his head over religion, is often misquoted as suggesting the profession of lawyers is “to […] [...]

Lawmakers move on bonds despite complaints from colleges and universities

by Published: March 30,2015

Tags: bonds, Business, Mississippi, NEWS, Politics

JACKSON — Mississippi lawmakers are likely to agree to borrow a total of $450 million, including nearly $25 million to build an aquarium in Gulfport. House members voted 73-44 to support Senate Bill 2906, which contains $250 million in borrowing, while members are considering another $200 million linked to a bill financed by casino taxes. […] [...]

Legislators pushing for bonds to cover Kemper plant costs

KEMPER COUNTY — Lawmakers are advancing a proposal to let Mississippi Power Co. sell bonds to cover expenses above $2.4 billion at the Kemper County power plant it’s building. They also want to allow the Mississippi Public Service Commission to approve a multi-year rate plan, to prevent a rate spike when the plant begins operation. […] [...]

Read December 14 issue of MBJ

by Published: December 14,2012

Tags: bonds, Gulf Coast, healthcare, holiday parties

>> BONDS ARE BACK Lt. Gov. says he will back “reasonable and rational in size” plans— by Ted Carter Also in this week’s paper: >> BUDGET Funding for PERS is up to departments by Ted Carter >> KEMPER UPDATE Workers’ rights groups forge deal with Southern Co.— by Clay Chandler >> GULF COAST Region sees more […] [...]

Capital City residents to pay more taxes to support schools

JACKSON — Jackson residents will soon pay more in taxes supporting the city’s school district. When 81 percent of voters in 2006 approved a $150 million bond issue to build more schools and improve others, it meant they were willing to have property taxes raised to pay that debt. But city leaders didn’t raise taxes […] [...]

County will approve bonds for Old Capital Green, if given financial information

JACKSON — Hinds County has agreed to take on more bond debt to build a parking garage for a proposed $1 billion development if developers provide repeatedly requested financial information. The Board of Supervisors narrowly voted to ask for $17 million in bonds if Full Spectrum South tells how much space is pre-leased, The Clarion-Ledger […] [...]

Fitch withdraws ratings on MDOC bonds for prison projects

MARSHALL COUNTY and WILKINSON COUNTY — Fitch Ratings has withdrawn its ratings on the following bonds due to pre-refunding activity: • Mississippi Development Bank (MS) (MSLoan Prog-Mississippi Department of Corrections-Marshall County Correctional Facility Refunding Proj) general obligation special obligation bonds series 2008C (all maturities); and • Mississippi Development Bank (MS) (MSLoan Program-Mississippi Department of Corrections […] [...]

Construction bond package misses legislative deadline

JACKSON — A bond package that would have provided funding for repairs and new construction across Mississippi died when a Saturday deadline passed, though the legislature continued making strides yesterday to finish the budget process. Republican Lt. Gov Tate Reeves held his line this weekend, demanding a smaller bond package than the $250 million proposal […] [...]

Board rejects all bids for construction of new school

OXFORD — The Oxford School Board has rejected all bids for the construction of the new high school. The high school’s construction is the centerpiece of the district’s building program. Schools Superintendent Brian Harvey tells the Oxford Eagle the board has no authority to negotiate with any contractor and can only accept the project as […] [...]

House unanimously passes public school construction bill

JACKSON — Legislative action could set off a small building boom for Mississippi’s public schools. A measure passed by the House on a unanimous vote last week — and now awaiting action in the Senate — would renew schools’ power to borrow against state aid checks. After the 1997 passage of the state funding formula, […] [...]

Next Page »

Recent Posts

Polls

Should the IHL reconsider its position on firing Dan Jones as chancellor at the University of Mississippi?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments