MS SB2708

Authorizes issuance of up to $2,000,000 in state general obligation bonds to assist the City of Richland, Mississippi, in constructing a pedestrian bridge across U.S. Highway 49

Creates the "2021 City of Richland Pedestrian Bridge Fund" within the State Treasury to hold and disburse bond proceeds, with the Department of Finance and Administration controlling disbursements

Bonds must be issued before July 1, 2025, and mature within 25 years from the date of issue

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

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