HB1354: Alcoholic Beverage Control Division warehouse; increase amount of revenue bonds authorized for and bailment fee authorized for paying debt service on bonds.

Legislative Summary

An Act To Amend Section 7, Chapter 483, Laws Of 2022, To Increase The Amount Of State Revenue Bonds That May Be Issued To Provide Funds For The Abc Warehouse Construction Fund To Assist In Paying The Costs Associated With Land Acquisition For, And The Design, Construction, Furnishing And Equipping Of A New Warehouse For The Department Of Revenue's Alcoholic Beverage Control Division; To Amend Section 27-71-11, Mississippi Code Of 1972, To Increase The Amount Of The Bailment Fee Charged By The Department Of Revenue On Cases Of Stored Alcoholic Beverages For The Purpose Of Providing Funds For The Payment Of The Debt Service On Such Bonds; To Amend Section 67-1-203, To Provide That The Department Of Finance And Administration Shall Select A Suitable Site, Within 50 Miles Of The New State Capitol Building, For The Construction Of A New Warehouse For The Department Of Revenue's Alcoholic Beverage Control Division, And That A Contract For Warehouse Construction Shall Be Entered Into Not Later Than October 1, 2024; To Bring Forward Section 67-1-205, Mississippi Code Of 1972, For The Purpose Of Possible Amendment; And For Related Purposes.