MS HB963

Increases the maximum maturity period for revenue bonds issued to finance toll road and toll bridge projects from 30 years to 40 years.

Applies to bonds issued by county boards of supervisors and municipal governing authorities under Sections 65-43-7 and 65-43-15 of the Mississippi Code.

Allows longer repayment periods while maintaining existing requirements that bonds be payable solely from project revenues and not constitute debt obligations of the county or municipality.

Becomes effective July 1, 2015.