MS SB2973

Authorizes issuance of state general obligation bonds up to $6,200,000 to fund street improvements in Greenville, Mississippi, with no bonds issued after July 1, 2023.

Creates the "2019 City of Greenville Street Improvements Fund" as a separate state treasury fund for repair, rehabilitation, resurfacing, and reconstruction of five specified streets (North Theobald Street, Archer Range Road, Rayner Road, George Abraham Boulevard) and other streets deemed appropriate by city authorities.

Pledges the full faith and credit of the State of Mississippi to pay bond principal and interest; any insufficient appropriated funds shall be paid from the state treasury.

Bonds may mature up to 25 years from issue date, bear interest rates within statutory limits, and may be callable at the state's option; interest accrues semiannually or annually.

Bonds and their income are exempt from Mississippi taxation and constitute legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies.