MS HB600

Authorizes issuance of state general obligation bonds up to $200,000 to fund sewer infrastructure upgrades and improvements in the Darling Community in Quitman County.

Creates the "2019 Quitman County Sewer Infrastructure Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds to North Delta Planning and Development District, Inc.

Bonds may not be issued after July 1, 2023, and may mature up to 25 years from date of issue at interest rates not exceeding limits in Mississippi Code Section 75-17-101.

Bonds are general obligations of the State of Mississippi backed by the full faith and credit of the state; any unexpended funds or investment earnings shall be applied to debt service after project completion.

State Bond Commission acts as issuing agent with authority to prescribe bond form, determine sale method, advertise and accept bids, and pay all costs incident to bond issuance and sale from proceeds.