MS SB2056

Authorizes issuance of up to $6,200,000 in state general obligation bonds to fund street improvements in the City of Greenville, Mississippi

Creates the "2021 City of Greenville Street Improvements Fund" within the State Treasury to hold bond proceeds, with unexpended amounts not lapsing to the General Fund

Funds repair, rehabilitation, resurfacing, construction, and reconstruction of specific streets: North Theobald Street, Archer Range Road, Rayner Road, George Abraham Boulevard, and other streets deemed to have economic or quality-of-life impacts

Bonds must be issued before July 1, 2025, with a maximum maturity of 25 years and interest rates subject to statutory limits

Bonds are backed by the full faith and credit of Mississippi, are tax-exempt within the state, and qualify as legal investments for fiduciaries and public fund deposits