MS HB831

Authorizes issuance of up to $2,510,000 in state general obligation bonds to help the City of Pearl, Mississippi construct a bridge from the intersection of Ware Street extension and relocated St. Augustine Street to Pearson Road

Creates the "2022 City of Pearl Bridge Construction Fund" within the State Treasury to hold bond proceeds, with unexpended amounts and investment earnings remaining in the fund rather than lapsing to the General Fund

Bonds must be issued before 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 methods, and may sell bonds through public sealed bids or negotiated sales