MS HB1532

Authorizes issuance of state general obligation bonds not to exceed $200,000 to fund sewer infrastructure upgrades and improvements in the Darling community of Quitman County, Mississippi.

Creates a special fund designated "2018 Quitman County Sewer Infrastructure Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds for project costs.

Prohibits bond issuance after July 1, 2022, and establishes a 25-year maximum maturity period for bonds.

Pledges the full faith and credit of the State of Mississippi to back the bonds, with any funding shortfalls to be covered by the State Treasurer from unappropriated state funds.

Bonds are exempt from state taxation and qualify as legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies in Mississippi.