MS HB939

Authorizes issuance of state general obligation bonds up to $9,000,000 to fund infrastructure improvements at the intersection of Mississippi Highway 7 and University Avenue in Oxford.

Creates the "2021 Oxford Intersection Capacity and Safety Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds to the Mississippi Transportation Commission and Department of Transportation.

Allows the State Bond Commission to issue bonds without exceeding 25 years maturity, with interest rates compliant with Mississippi Code Section 75-17-101, and prohibits bond issuance after July 1, 2025.

Pledges the full faith and credit of Mississippi to bond repayment; any insufficient appropriated funds must be paid from the State Treasury, and bonds are exempt from state taxation.

Unused project funds must be applied to debt service on the bonds after the commission certifies the project is completed, abandoned, or cannot be completed timely.