MS HB1458

Authorizes issuance of up to $1,500,000 in state general obligation bonds to assist Prentiss County in repairing, maintaining, reconstructing, or replacing bridges in Supervisors District 4.

Creates a special "2021 Prentiss County Bridge Fund" within the State Treasury to hold and disburse bond proceeds for eligible bridge projects, with unexpended amounts and interest earnings remaining in the fund.

Bonds shall mature no later than 25 years from issuance and may not be issued after July 1, 2025.

Full faith and credit of the State of Mississippi is pledged to secure the bonds, with principal and interest payments guaranteed from state funds if appropriations prove insufficient.

Bond income is exempt from Mississippi state taxation, and proceeds may be used solely for bridge project costs and costs incident to bond issuance and sale.