MS SB3052

Authorizes the issuance of state general obligation bonds up to $505,000 to assist the Town of Leakesville, Mississippi in constructing new sidewalks.

Creates a special fund called the "2021 Town of Leakesville Sidewalk Construction Fund" within the State Treasury to receive and disburse bond proceeds for the sidewalk project.

Grants the State Bond Commission authority to determine bond terms including interest rates (not to exceed limits in Section 75-17-101), maturity dates (up to 25 years), and sale methods, with all bonds backed by the full faith and credit of the State.

Requires any remaining funds in the special fund after project completion to be applied toward debt service on the bonds, and directs all investment earnings to be used for debt service.

Prohibits issuance of bonds under this authority after July 1, 2025, and exempts bond income from state taxation.