MS HB1747

Authorizes issuance of $15,000,000 in state general obligation bonds for the Mississippi Ports Improvements Fund

Bonds must be issued by July 1, 2024, with a maturity period not exceeding 25 years from date of issue

State Bond Commission acts as issuing agent and may sell bonds through sealed public bids or negotiate private sales

Bond proceeds deposited into Mississippi Ports Improvements Fund created under Section 57-1-731 and disbursed by Mississippi Development Authority

Bonds are general obligations of Mississippi with full faith and credit pledge; bond income is exempt from state taxation