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Butler Snow attorney Tray Hairston was recently mentioned in an article from The Bond Buyer. The article covers a deal with the City of Vicksburg that highlights an innovative way Mississippi’s cities and counties are funding their infrastructure needs.
The following is an excerpt from the article:
While online sales tax revenues are not directly pledged to back such bonds, Hairston told The Bond Buyer the deals are sized and structured so that the use tax revenues cover debt service, while the credit is still the general obligation of the cities and counties.