MS HB55

Authorizes issuance of up to $3,000,000 in state general obligation bonds to assist Holly Springs, Mississippi with construction, reconstruction, repair, upgrades, and improvements to Mississippi Highway 178 and related infrastructure

Creates the "2022 City of Holly Springs Mississippi Highway 178 Improvements Fund" within the State Treasury to hold bond proceeds, with funds disbursed at the discretion of the Department of Finance and Administration

Bonds may be issued until July 1, 2026, with a maximum maturity of 25 years from date of issue

Bonds are backed by the full faith and credit of the State of Mississippi, and both the bonds and income from them are exempt from all state taxation

State Bond Commission serves as issuing agent with authority to determine bond terms, sale method, and pricing