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Madison County board backs higher bonding cap for Makeda, approves bond-engagements for county road projects
Summary
Supervisors agreed to ask the legislature to raise a local bonding cap for Makeda and approved engagement letters and intent resolutions to pursue general obligation bonds for Makeda land and road improvements.
The Madison County Board of Supervisors on March 3 voted to ask the Mississippi Legislature to raise local bonding authority for Makeda from a longstanding cap and approved steps to pursue bonds to fund land acquisition and major road projects.
Blake Fulton, an attorney with Jones Walker representing Makeda, told the board that Makeda's authority was established by local and private legislation and that the only way to amend that authority is through the state legislature. Fulton said the county had an effective cap that had been static since…
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