MS SB3035

Authorizes issuance of state general obligation bonds not to exceed $6,200,000 to assist the City of Greenville with improvements to Broadway Street (Deaton Street to Magnolia Street) and Reed Road (Canal No. 9 to Raceway Road).

Creates a special fund designated "2017 City of Greenville-Broadway Street and Reed Road Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds for project costs.

Grants the State Bond Commission authority to determine bond terms including interest rates (not exceeding statutory limits), maturity dates (not to exceed 25 years), and sale method, with all bonds backed by the full faith and credit of the state.

Requires any remaining fund balance after project completion or abandonment to be applied toward debt service on the bonds, and exempts bond income from state taxation.

Establishes a deadline of July 1, 2021 for bond issuance and authorizes the State Treasurer to issue warrants to pay principal, interest, and accreted value when bonds become due.