MS SB2702

Authorizes issuance of up to $500,000 in state general obligation bonds to assist Lincoln County, Mississippi with road and bridge repair costs

Creates the "2021 Lincoln County Road and Bridge Repair Fund" as a special fund within the State Treasury, with unexpended amounts and interest earnings remaining in the fund rather than lapsing to the General Fund

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

Pledges the full faith and credit of the State of Mississippi for bond repayment, with the State Treasurer authorized to cover any deficiencies from available treasury funds

Bonds and income from bonds are exempt from all Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions