MS SB2952

Authorizes the State Bond Commission to issue up to $8,800,000 in general obligation bonds, with proceeds directed to the City of Jackson for three specific projects: Real-Time Command Center ($6,800,000), Champion Gym ($1,000,000), and Sykes Park ($1,000,000).

Creates the "2022 City of Jackson Projects Fund" as a special fund within the State Treasury to receive bond proceeds and disburse funds to pay project costs.

Bonds may mature up to 25 years from issuance, bear interest at rates set by the State Bond Commission, and are backed by the full faith and credit of the State of Mississippi.

No bonds may be issued under this authority after July 1, 2026, and any remaining fund balances after project completion shall be applied to pay bond debt service.

Bond income is exempt from state taxation and bonds qualify as legal investments for Mississippi financial institutions and fiduciaries.