MS SB2346

Authorizes the State Bond Commission to issue up to $5,000,000 in general obligation bonds to assist Hinds County with costs of the Hinds Parkway Road Project.

Creates a special fund called the "2020 Hinds Parkway Road Project Construction Fund" in the State Treasury to receive and disburse bond proceeds for the project.

Bonds may be issued at any time until July 1, 2024, with a maximum maturity of 25 years from the date of issue and interest rates not exceeding limits in Mississippi Code Section 75-17-101.

Pledges the full faith and credit of the State of Mississippi to guarantee payment of principal and interest on the bonds; any shortfall shall be paid from the State Treasury.

Bonds and the income derived from them are exempt from all taxation in Mississippi and are legal investments for trustees, fiduciaries, and financial institutions in the state.