MS HB634

Authorizes issuance of up to $4,000,000 in state general obligation bonds to fund construction, furnishing, and equipping of a new District 5 Highway Safety Patrol Substation in Starkville, Mississippi

Creates the "2022 Department of Public Safety Improvements Fund" as a special fund within the State Treasury to hold bond proceeds, with unexpended amounts not lapsing to the General Fund

Bonds must be issued by July 1, 2026 and mature within 25 years from the date of issue

Bonds are tax-exempt in Mississippi and backed by the full faith and credit of the state

Department of Finance and Administration, through the Bureau of Building, Grounds and Real Property Management, oversees disbursement of funds and may accept additional local or other source funding for the project