MS SB2473

Authorizes issuance of state general obligation bonds not to exceed $6,200,000 to fund street improvements in Greenville, Mississippi, with bond issuance deadline of July 1, 2024.

Creates a special fund designated the "2020 City of Greenville Street Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds for specified street projects.

Eligible improvement projects include North Theobald Street, Archer Range Road, Rayner Road, and George Abraham Boulevard, plus any other streets determined by Greenville's governing authorities to have economic or quality-of-life impacts.

Bonds shall be general obligations of Mississippi with full faith and credit pledge; principal and interest mature within 25 years at rates not to exceed statutory limits, with interest payable semiannually or annually.

Bond proceeds and income from bonds are exempt from state taxation; remaining funds after project completion shall be applied to pay debt service on the bonds.