MS SB3073

Authorizes issuance of up to $250,000 in state general obligation bonds to assist the South Pike School District with repair and renovation costs for various school buildings

Creates the "2021 South Pike School District Building Repair and Renovation Fund" within the State Treasury, with funds remaining separate from the General Fund and not lapsing at fiscal year end

Bonds must be issued before July 1, 2025, with a maximum maturity of 25 years from the date of issue

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

The Department of Finance and Administration has discretion over disbursement of funds to the school district for the repair and renovation projects