MS SB3087

Authorizes issuance of up to $1,000,000 in state general obligation bonds to assist the City of Richland, Mississippi, in constructing a pedestrian walkway over U.S. Highway 49

Creates the "2022 City of Richland Crossover Walkway Fund" within the State Treasury to hold bond proceeds, with funds remaining separate from the General Fund and not lapsing at fiscal year end

Bonds must be issued by July 1, 2026 and mature within 25 years from date of issue

Bonds are backed by the full faith and credit of the State of Mississippi, with bond income exempt from all state taxation

Department of Finance and Administration has discretion over disbursement of funds to the city for the walkway project