MS HB1555

Authorizes the State Bond Commission to issue up to $500,000 in general obligation bonds to assist the City of Greenville, Mississippi with repair and renovation costs for city parks and the municipal golf course.

Bonds shall mature within 25 years, bear interest rates not exceeding limits set in Mississippi Code Section 75-17-101, and are backed by the full faith and credit of the State of Mississippi.

Creates a special fund titled "2022 City of Greenville Parks and Municipal Golf Course Repair and Renovation Fund" to receive bond proceeds and disburse funds: $125,000 each to Greenville Municipal Golf Course, Frisby Park, Rounds Park, and Maude Bryan Park.

Bonds are exempt from Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions in the state.

All bonds must be issued by July 1, 2026, and any remaining fund balance after project completion shall be applied to pay debt service on the bonds.