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Hinds OKs controversial study on saving...

Hinds OKs controversial study on saving money

By: Magnolia Tribune - February 22, 2013

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

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This article was produced by Magnolia Tribune staff.