MS SB2055

Authorizes issuance of state general obligation bonds not to exceed $1,000,000 to assist Perry County Board of Supervisors with costs of extending a natural gas line from the Town of Beaumont to the Perry County Industrial Park.

Creates a special fund designated "2021 Perry County Natural Gas Line Extension Fund" within the State Treasury to receive bond proceeds and disburse funds for the natural gas line project.

Authorizes the State Bond Commission to issue, sell, and manage the bonds with maturity not to exceed 25 years, with interest rates subject to Mississippi Code Section 75-17-101.

Requires any remaining funds in the special fund after project completion or abandonment to be applied toward debt service on the issued bonds.

No bonds may be issued under this section after July 1, 2025; bonds are backed by the full faith and credit of the State of Mississippi and are exempt from state taxation.