MS HB1572

Authorizes issuance of up to $4,000,000 in state general obligation bonds to fund rehabilitation and restoration of the Great River Railroad line from the Port of Rosedale in Bolivar County to the Town of Metcalfe in Washington County

Creates the "2022 Great River Railroad Fund" within the State Treasury to receive bond proceeds and pay for repair, construction, reconstruction, expansion, and improvements to tracks, lines, bridges, and related structures

Bonds may mature up to 25 years from date of issue and must be issued before July 1, 2026

Pledges the full faith and credit of the State of Mississippi for repayment of the bonds, with bonds and income from them exempt from all state taxation

Project is designated as part of the Port of Rosedale Multi-Modal Expansion Project