Mississippi Business Journal » bonds

Legislators pushing for bonds to cover Kemper plant costs

Associated Press — Wed, 30 Jan 2013 19:25:43 +0000

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. [...]

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Read December 14 issue of MBJ

MBJ Staff — Fri, 14 Dec 2012 21:34:43 +0000

>> 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 [...]

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Capital City residents to pay more taxes to support schools

Associated Press — Tue, 12 Jun 2012 15:10:58 +0000

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 [...]

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

Associated Press — Tue, 29 May 2012 14:51:12 +0000

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 [...]

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Fitch withdraws ratings on MDOC bonds for prison projects

MBJ Staff — Tue, 15 May 2012 16:54:18 +0000

MARSHALL COUNTY and WILKINSON COUNTY — Fitch Ratings has withdrawn its ratings on the following bonds due to pre-refunding activity: • Mississippi Development Bank (MS) (MSLoan Prog-Mississippi Department of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 [...]

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Construction bond package misses legislative deadline

Associated Press — Mon, 30 Apr 2012 15:24:24 +0000

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 [...]

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Board rejects all bids for construction of new school

Associated Press — Thu, 26 Apr 2012 15:04:45 +0000

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 [...]

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House unanimously passes public school construction bill

Associated Press — Tue, 20 Mar 2012 15:22:14 +0000

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, [...]

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Supervisors OK refinancing of bonds, could save $900K

Associated Press — Mon, 23 Jan 2012 18:07:54 +0000

HERANADO — DeSoto County supervisors have approved refinancing $22 million in 2004 general obligation bonds, a move that could save $900,000. The Commercial Appeal reports the board also approved a health coverage pact for county employees. The new plan keeps rates flat. The current interest rate the county must pay from 2015 to 2024 ranges [...]

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Board approves $112M bond issue for UMMC

Associated Press — Fri, 20 Jan 2012 19:44:14 +0000

JACKSON — The state College Board has approved a $112 million bond issue for the University of Mississippi Medical Center, even though one board member questioned whether it was appropriate to borrow the money. UMMC had originally proposed to use some of the money to buy software to comply with a federal requirement that it [...]

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