MS SB2293

Authorizes the State Bond Commission to issue up to $3,000,000 in general obligation bonds to assist Lafayette County in extending West Oxford Loop to College Hill Road.

Bonds cannot be issued after July 1, 2019, and bond maturity cannot exceed 25 years from the date of issue.

No bonds may be issued until the Department of Finance and Administration receives proof that funds from private, local, and/or federal sources equal to the bond amount have been irrevocably dedicated to the project.

Creates the "2015 West Oxford Loop Extension Fund" as a separate special fund within the State Treasury to receive and disburse bond proceeds for project costs.

Full faith and credit of the State of Mississippi is pledged to pay principal and interest on the bonds, and bond income is exempt from all state taxation.