MS SB2459

Authorizes issuance of up to $50,000 in state general obligation bonds to assist Lee County, Mississippi with purchasing property and updating the firehouse building for the Richmond Volunteer Fire Department

Creates the "2021 Richmond Volunteer Fire Department Fund" within the State Treasury as a special fund separate from the General Fund, with unexpended amounts and interest earnings remaining in the fund

Bonds may mature up to 25 years from date of issue and must be issued before July 1, 2025

Bonds are backed by the full faith and credit of the State of Mississippi, with the State Treasurer authorized to pay any deficiency from available State Treasury funds

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