MS SB2951

Authorizes issuance of state general obligation bonds not to exceed $5,000,000 to fund improvements at Hawkins Field Airport in Jackson.

Creates a special fund to be used for land acquisition, planning, design, construction, historic terminal building preservation, airport entrance relocation, and facility upgrades at Hawkins Field.

Bonds may mature up to 25 years from issuance and must be issued by July 1, 2023, with the State Bond Commission serving as issuing agent.

Full faith and credit of the State of Mississippi is pledged to pay principal and interest on bonds; deficiencies must be paid from the State Treasury.

Bonds are exempt from state taxation and any remaining funds after project completion shall be applied to debt service on the bonds.