MS SB2952

Authorizes Mississippi to issue $1,540,000 in general obligation bonds to provide state matching funds for federal Water Pollution Control Revolving Fund grants

Bonds may mature up to 25 years from date of issue and must comply with state interest rate limits under Section 75-17-101

Interest and investment earnings from the Water Pollution Control Revolving Fund will be used to pay principal and interest on the bonds as they become due

Amends Section 49-17-85 to add these new bonds to the list of authorized bond issuances that can be repaid using fund earnings

Effective date of July 1, 2012