MS SB2970

Authorizes the issuance of state general obligation bonds up to $1,000,000 to assist the City of Starkville, Mississippi with paving streets and repairing sidewalks.

Creates a special fund called the "2019 City of Starkville Infrastructure Improvement Fund" within the State Treasury to receive bond proceeds and disburse funds for the authorized projects.

Grants the State Bond Commission authority to prescribe bond terms, determine sale methods, advertise for bids, and issue the bonds, with bonds maturing no later than 25 years from issue date.

Pledges the full faith and credit of the State of Mississippi to pay bonds; if legislative appropriations are insufficient, the State Treasurer must pay from general treasury funds.

Prohibits bond issuance after July 1, 2023, and exempts bonds and income from state taxation; unused project funds must be applied to pay debt service on the bonds.