MS HB1593

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

Creates the "2013 City of Jackson Woodrow Wilson Avenue Bridge Improvements Fund" within the State Treasury to receive and disburse bond proceeds for project costs.

Requires matching or other non-state funds to be available if bond money is used for bridge replacement and reconstruction (not required for repair and rehabilitation).

Bonds shall mature within 25 years from issuance, with interest rates not exceeding limits in Mississippi Code Section 75-17-101, and no bonds may be issued after July 1, 2017.

Pledges the full faith and credit of the State of Mississippi for bond payment; bonds are tax-exempt and qualify as legal investments for trustees, fiduciaries, and financial institutions.