MS HB1361

Authorizes issuance of up to $600,000 in state general obligation bonds to assist the Town of Byhalia, Mississippi, with infrastructure improvements

Creates the "2021 Town of Byhalia Infrastructure Improvements Fund" within the State Treasury to receive and disburse bond proceeds

Funds may be used for purchasing, improving, updating, replacing, and repairing sewer and water pumps and systems, public roads, and other infrastructure

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

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