HB 4059

AN ACT TO AMEND CHAPTER 915, LOCAL AND PRIVATE LAWS of 2022, TO EXTEND THE REPEAL DATE FROM JULY 1, 2026, TO JULY 1, 2036, ON THE PROVISION OF LAW THAT AUTHORIZES THE GOVERNING AUTHORITIES OF THE CITY OF FULTON, MISSISSIPPI, TO LEVY AN ADDITIONAL SALES TAX OF NOT MORE THAN THREE PERCENT TAX UPON THE GROSS PROCEEDS OF THE SALES OF RESTAURANTS; FOR THE PURPOSE OF PROVIDING FUNDS TO PROMOTE TOURISM, PARKS AND RECREATION WITHIN THE CITY, TO AUTHORIZE THE CITY TO ISSUE GENERAL OBLIGATION BONDS OR INCUR OTHER INDEBTEDNESS IN AN AGGREGATE PRINCIPAL AMOUNT NOT IN EXCESS OF AN AMOUNT FOR WHICH DEBT SERVICE IS CAPABLE OF BEING FUNDED BY THE PROCEEDS OF THE SPECIAL SALES TAX LEVIED UNDER THIS ACT; AND FOR RELATED PURPOSES.