MS HB94

Authorizes issuance of up to $500,000 in state general obligation bonds to assist the Town of Tchula, Mississippi, with repair, maintenance, and reconstruction of roads, streets, and bridges

Creates the "2022 Town of Tchula Road Improvements Fund" as a special fund within the State Treasury, with unexpended amounts and investment earnings remaining in the fund rather than lapsing to the General Fund

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

The State Bond Commission will serve as issuing agent with authority to determine bond form, sale method, and other terms

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