MS HB1233

Authorizes issuance of up to $103,400 in state general obligation bonds to fund reflective street striping, pavement markings, parking markings, and handicap access markings on Main Street in the Town of Fayette, Mississippi

Creates the "2021 Town of Fayette - Main Street Improvements Fund" within the State Treasury to hold bond proceeds, with unexpended funds and interest remaining in the fund rather than lapsing to the General Fund

Bonds may mature up to 25 years from date of issue and must be issued before July 1, 2025

Bonds are backed by the full faith and credit of the State of Mississippi and are exempt from all state taxation

Department of Finance and Administration has discretion over disbursing funds to the Town of Fayette for the street improvement project