MS SB3045

Authorizes issuance of up to $200,000 in state general obligation bonds to assist the Town of Calhoun City, Mississippi with street repair and paving costs

Creates the "2021 Town of Calhoun City Street Repair and Paving Fund" within the State Treasury to hold and disburse bond proceeds

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

Bonds are backed by the full faith and credit of the State of Mississippi, with bond income exempt from all state taxation

Department of Finance and Administration controls disbursement of funds, with any remaining amounts after project completion applied to debt service on the bonds