MS SB3079

Authorizes issuance of up to $6,300,000 in State of Mississippi general obligation bonds to assist the Sand Creek Wastewater Authority with upgrading the regional wastewater treatment facility serving North Lee County

Creates the "2022 Sand Creek Wastewater Authority Upgrade Fund" as a special fund within the State Treasury to hold bond proceeds, with funds not lapsing at fiscal year end

Bonds may mature up to 25 years from date of issue and are backed by the full faith and credit of the State of Mississippi

Bonds and income from bonds are exempt from all 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