MS HB1332

Authorizes the issuance of state general obligation bonds in an amount not to exceed $741,000 to assist the Town of Woodland, Mississippi, with construction and development of a park and related facilities, equipment, and infrastructure.

Creates a special fund designated the "2021 Town of Woodland Park Fund" within the State Treasury to receive and disburse bond proceeds for the authorized park project.

Grants the State Bond Commission authority to issue and sell the bonds, determine the form and method of sale, and manage all related proceedings and costs.

Specifies that bonds may mature up to 25 years from issuance, bear interest at rates not exceeding limits set by Mississippi Code Section 75-17-101, and are backed by the full faith and credit of the State of Mississippi.

Prohibits bond issuance after July 1, 2025, and makes bonds exempt from Mississippi state taxation with principal and interest payable from state appropriations if other funds are insufficient.