MS HB1664

Authorizes the issuance of state general obligation bonds up to $2,500,000 to assist the City of Jackson in repair, rehabilitation, replacement, or reconstruction of the Woodrow Wilson Avenue Bridge.

Creates a special fund called the "2012 City of Jackson Woodrow Wilson Avenue Bridge Improvements Fund" within the State Treasury to receive and disburse bond proceeds, with unexpended amounts remaining in the fund at fiscal year-end rather than reverting to the General Fund.

Requires that funds for replacement and reconstruction of the bridge only be available if matching or other funds from non-state sources are secured for such purposes.

Authorizes the State Bond Commission to issue bonds with maturities up to 25 years and interest rates not exceeding limits in Mississippi Code Section 75-17-101, with no bonds issued after July 1, 2016.

Pledges the full faith and credit of the State of Mississippi to secure principal and interest payments on the bonds, and exempts the bonds and their income from all Mississippi state taxation.