MS SB3062

Authorizes issuance of up to $150,000 in state general obligation bonds to assist the City of Rosedale, Mississippi, with repair and renovation costs for the city park

Creates the "2021 City of Rosedale Park Repair and Renovation Fund" within the State Treasury to hold and disburse bond proceeds, with the Department of Finance and Administration controlling disbursements

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

Bonds are backed by the full faith and credit of the State of Mississippi, with the State Treasurer authorized to pay any deficiencies from available state funds

Bond proceeds and income from the bonds are exempt from all state taxation in Mississippi