Lawmakers mull $100 million in bonds for Nissan

Published March 26, 2013 10:26pm ET



JACKSON, Miss. (AP) — Mississippi lawmakers are considering giving a development agency the capacity to use $100 million in bonds toward the construction of buildings for suppliers of Nissan Motor Co.’s Canton plant.

Two Senate committees voted Tuesday in favor of Senate Bill 2920. It would allow the Madison County Economic Development Authority to issue taxable industrial development bonds, with Nissan using its credit rating to persuade bond buyers to lend money. The authority would own multiple buildings that would house Nissan suppliers brought in to support the assembly plant’s continued expansion, said Sen. Will Longwitz, R-Madison.

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