MS HB291

Authorizes the State Bond Commission to issue up to $100,000 in general obligation bonds to fund park improvements in Jackson, Mississippi.

Creates a special fund called the "2019 City of Jackson Parks Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds for the projects.

Allocates up to $50,000 for improvements to Belhaven Park and up to $50,000 for improvements to Grove Park, including construction, repair, renovation, and replacement of facilities and infrastructure.

Bonds shall mature within 25 years and may be issued at interest rates not to exceed limits set in Mississippi Code Section 75-17-101, with no bonds issued after July 1, 2023.

Bonds are backed by the full faith and credit of the State of Mississippi and are exempt from state taxation; proceeds must be used solely for the specified park projects and issuance costs.