MS SB2741

Authorizes issuance of up to $10,000,000 in state general obligation bonds to fund the Byram-Clinton Parkway Project construction and development in Hinds County, Mississippi.

Creates a special fund called the "2017 Byram-Clinton Parkway Project Construction Fund" within the State Treasury to receive and disburse bond proceeds for project costs.

Allows bonds to mature up to 25 years from issuance with interest rates not exceeding limits in Mississippi Code Section 75-17-101; bonds cannot be issued after July 1, 2021.

Pledges full faith and credit of the State of Mississippi to guarantee payment of principal and interest, with any deficiency paid from the State Treasury.

Exempts bonds and income from all Mississippi state taxation and establishes them as legal investments for trustees, fiduciaries, banks, and insurance companies.