MS SB2896

Authorizes issuance of up to $8,000,000 in state general obligation bonds to fund the Commerce Park Connector project connecting Lake Harbour Drive to Highland Colony Parkway in Madison County, Mississippi

Creates the "2021 Commerce Park Connector Fund" within the State Treasury to receive bond proceeds and pay for preconstruction, design, engineering, land acquisition, right-of-way acquisition, construction, and development costs

Bonds must be issued before July 1, 2025, with a maximum maturity of 25 years from the date of issue

Pledges the full faith and credit of the State of Mississippi to guarantee bond repayment, with the State Treasurer authorized to pay any deficiencies from general funds

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