MS SB2180

Authorizes the State Bond Commission to issue up to $6,200,000 in general obligation bonds to assist the City of Greenville with improvements to Broadway Street (from Deaton Street to Magnolia Street) and Reed Road (from Canal No. 9 to Raceway Road).

Creates a special fund designated the "2021 City of Greenville-Broadway Street and Reed Road Improvements Fund" within the State Treasury to receive bond proceeds and disburse them for project costs.

Bonds may be issued at any time or in multiple installments, but no bonds shall be issued after July 1, 2025, with a maximum maturity of 25 years from date of issue.

Pledges the full faith and credit of the State of Mississippi for bond repayment; if appropriated funds are insufficient, the State Treasurer shall pay any deficiency from general state funds.

Bonds and income therein are exempt from all Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, banks, and insurance companies.