MS SB2969

Authorizes issuance of state general obligation bonds not to exceed $42,000 to assist the Town of Leakesville with construction of a walking trail to the Old Chickasawhay River Bridge and Landing, improvement of the bridge structure, construction of a fishing pier, and other outdoor recreation enhancements.

Creates the "2021 Town of Leakesville Greenway Expansion Fund" as a special fund in the State Treasury to receive bond proceeds and disburse funds for the authorized projects under direction of the Department of Finance and Administration.

Authorizes the State Bond Commission to issue and sell the bonds with maturity not exceeding 25 years, at interest rates complying with Mississippi Code Section 75-17-101, with bonds callable before maturity at the State's option.

Pledges the full faith and credit of Mississippi for payment of bonds, requiring the State Treasurer to pay any deficiency from unappropriated state funds if legislative appropriations prove insufficient.

Establishes that no bonds may be issued after July 1, 2025, and that any remaining fund balance after project completion shall be applied to pay debt service on the issued bonds.