MS SB2834

Authorizes issuance of up to $500,000 in state general obligation bonds to assist the City of Greenville, Mississippi, with construction, development, and improvements on downtown green space associated with the new federal courthouse

Creates the "2022 City of Greenville Downtown Green Space Fund" as a special fund within the State Treasury to hold bond proceeds, with unexpended amounts and interest earnings remaining in the fund rather than lapsing to the General Fund

Bonds may mature up to 25 years from date of issue, with interest rates subject to limits in Section 75-17-101 of Mississippi Code, and are backed by the full faith and credit of the State of Mississippi

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

No bonds may be issued under this act after July 1, 2026