MS HB1144

Authorizes issuance of $100,000,000 in state revenue bonds to provide funds for the Gaming Counties State-Assisted Infrastructure Fund.

Bonds will be repaid from a special bond sinking fund established under Chapter 479, Laws of 2015, with principal and interest payable solely from that fund.

Bond proceeds transferred to the Gaming Counties State-Assisted Infrastructure Fund will be disbursed under direction of the Mississippi Transportation Commission.

Bonds may have maturity dates up to 20 years, bear interest rates not exceeding limits in Mississippi Code Section 75-17-101, and may be sold by public bid or negotiated sale.

Amends the 2015 bond sinking fund statute to include these new bonds alongside the existing transportation bonds in the same debt service payment mechanism.