Hinds OKs controversial study on saving money

Hinds OKs controversial study on saving money

The work is going to Malachi Financial Products, whose contracts with the county include handling bond interest-rate swaps since 2006 and serving as financial adviser on bond issues for more than two decades.

Supervisors approving the work Tuesday didn’t set a limit on the study’s cost or ask for an estimate. The cost is not included in the current budget.

It’s the latest move in a sometimes tempestuous relationship between the board and Malachi, which has a $200,000 agreement with the county for an economic impact study of the Byram-Clinton Corridor, a project on the county drawing board for two decades.

Clarion Ledger
2/21/13