MS SB3083

Authorizes issuance of state general obligation bonds up to $2,500,000 to assist the City of Guntown, Mississippi, with road and stormwater improvement costs.

Creates a special fund called the "2022 City of Guntown Road and Stormwater Improvements Fund" within the State Treasury to receive and disburse bond proceeds.

Establishes that bonds are general obligations of Mississippi with full faith and credit of the state pledged for repayment, with maturity not to exceed 25 years.

Authorizes the State Bond Commission to determine bond terms including interest rates, denominations, redemption options, and sale method through sealed bids or negotiated sale.

Specifies that bonds cannot be issued after July 1, 2026, and any remaining funds after project completion must be applied to debt service on the bonds.