MS HB1417

Authorizes issuance of up to $2,000,000 in state general obligation bonds to assist Perry County, Mississippi, with infrastructure improvements at the Perry County Industrial Park in New Augusta

Creates the "2021 Perry County Industrial Park Improvements Fund" within the State Treasury to receive and disburse bond proceeds for water, sewer, gas system infrastructure, roads, rails, and related facilities

Bonds may not be issued after July 1, 2025, and must mature within 25 years from the date of issue

Bonds are backed by the full faith and credit of the State of Mississippi, with the State Treasurer authorized to pay principal and interest from state funds if appropriated funds are insufficient

Bonds and income from them are exempt from all Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions