MS SB3022

Authorizes issuance of state general obligation bonds not to exceed $1,000,000 to fund road improvements in Attala County Supervisor District 4, with no bonds to be issued after July 1, 2025.

Creates the "2021 Attala County Supervisor District 4 Road Improvements Fund" as a special fund in the State Treasury, maintained separately from the General Fund with unexpended amounts and interest earnings retained in the fund.

Directs the State Bond Commission to act as issuing agent, determine bond terms (including maturity up to 25 years, interest rates not exceeding statutory limits), and manage the sale and issuance of bonds.

Pledges the full faith and credit of the State of Mississippi to pay bond principal and interest; any insufficiency shall be paid by the State Treasurer from unappropriated state funds.

Declares bonds and income therefrom exempt from all Mississippi state taxation and establishes them as legal investments for trustees, fiduciaries, and financial institutions.