MS HB308

Authorizes issuance of up to $1,000,000 in state general obligation bonds to assist Pike County with repair, renovation, upgrades, and improvements to the Pike County Courthouse Complex buildings and related facilities.

Creates a special fund designated "2021 Pike County Courthouse Complex Repair and Renovation Fund" within the State Treasury to be maintained separately from the General Fund, with unexpended amounts and interest earnings retained in the fund.

Bonds must be issued by July 1, 2025, with maturity dates not to exceed 25 years from date of issue and interest rates not exceeding limits in Mississippi Code Section 75-17-101.

Pledges the full faith and credit of the State of Mississippi to guarantee bond payment; any deficiency shall be paid by the State Treasurer from available state funds.

Remaining fund balances after project completion shall be applied to pay debt service on the issued bonds, and bond income is exempt from all Mississippi state taxation.