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AG Hood: Jackson Must Apply for Water...

AG Hood: Jackson Must Apply for Water Bond Loan

By: Magnolia Tribune - August 16, 2010

AG Hood: Jackson Must Apply for Water Bond Loan

It is now on the City of Jackson to apply for a loan in order to pay for city water infastructure improvements, according to state Attorney General Jim Hood.

In a news release Friday, Hood says that he has reviewed the laws concerning the Capital City’s water bond issue and that it is up to the Mississippi Development Authority to provide Jackson with the interest-free loan. The money from that loan would be used to pay for repairs and improvements to the city’s aging water and sewer system near the Capitol complex downtown.

Earlier this month, the Bond Commission, comprised of Hood, Mississippi Governor Haley Barbour, and state Treasurer Tate Reeves, did not take up the City’s water bond request because, according to Reeves, the city did not lobby for it. The city has more than $80 million in water line repairs to make based on a 1997 master plan detailing the city’s water woes. That amount has no doubt multiplied in 13 years.

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This article was produced by Magnolia Tribune staff.