MS HB9

Authorizes issuance of state general obligation bonds up to $100,000 to fund sidewalk and related improvements along Raymond Road between Cedarwood Drive and Forest Hill Road in Jackson, Mississippi.

Creates a special fund called the "2020 City of Jackson Sidewalks Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds for the project.

Bonds may be issued at any time or in multiple installments, with maturity not to exceed 25 years from date of issue, and all bonds must be issued by July 1, 2024.

Full faith and credit of the State of Mississippi is pledged to pay principal and interest on the bonds; any investment earnings or remaining funds shall be applied to debt service after project completion.

Bonds are tax-exempt and legal investments for trustees, fiduciaries, banks, and insurance companies; act takes effect July 1, 2020.