MS SB2947

Increases the maximum general obligation bonds from $2,000,000 to $12,000,000 (a $10,000,000 increase) for the Commerce Park Connector project in Ridgeland, Mississippi

Funds will support preconstruction, design, engineering, land acquisition, right-of-way acquisition, construction, and development of the connector from Lake Harbour Drive to Highland Colony Parkway

Bond proceeds are deposited into the "2021 Commerce Park Connector Fund" and disbursed at the discretion of the Department of Finance and Administration

Bonds must be issued by July 1, 2025, with a maximum maturity of 25 years from date of issue

Bonds are general obligations of the State of Mississippi backed by the full faith and credit of the state, and are exempt from state taxation