MS HB171

Authorizes issuance of up to $741,000 in state general obligation bonds to assist the Town of Woodland, Mississippi, with construction and development of a park and related facilities, equipment, and infrastructure

Creates the "2022 Town of Woodland Park Fund" within the State Treasury to hold bond proceeds, with the Department of Finance and Administration authorized to disburse funds for the project

Bonds must be issued by July 1, 2026 and mature within 25 years from date of issue, with interest rates subject to limits in Mississippi Code Section 75-17-101

Pledges the full faith and credit of the State of Mississippi for bond repayment, with the State Treasurer authorized to pay from any available funds if appropriations are insufficient

Bonds and income from them are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies