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