MS SB2230

Authorizes the issuance of state general obligation bonds not to exceed $10,000,000 to fund construction and development of the Byram-Clinton Parkway Project in Hinds County, Mississippi.

Creates a special fund designated the "2014 Byram-Clinton Parkway Project Construction Fund" within the State Treasury to receive bond proceeds and disburse funds for project costs under discretion of the Department of Finance and Administration.

Establishes that bonds may not be issued after July 1, 2018, and may mature up to 25 years from date of issue with interest rates not exceeding limits set by Mississippi Code Section 75-17-101.

Pledges the full faith and credit of the State of Mississippi for bond repayment, with any shortfall to be paid from the State Treasury; bonds are exempt from state taxation and legal investments for fiduciaries and financial institutions.

Authorizes the State Bond Commission to act as issuing agent, determine bond sale methods, advertise for bids, and handle all costs incident to issuance and sale of the bonds.