MS SB3088

Authorizes issuance of state general obligation bonds not to exceed $650,000 to assist Jackson County Utility Authority with apple snail eradication and associated natural habitat restoration costs.

Creates the "2022 Jackson County Apple Snail Eradication and Habitat Restoration Fund" as a special fund in the State Treasury to receive and disburse bond proceeds.

Bonds may mature up to 25 years from issue date with interest rates not exceeding limits set in Mississippi Code Section 75-17-101, and no bonds may be issued after July 1, 2026.

Pledges the full faith and credit of the State of Mississippi to guarantee bond payments, with any shortfalls paid by the State Treasurer from general treasury funds.

Bonds are exempt from Mississippi state taxation and any unexpended fund amounts or investment earnings shall be used for debt service on the bonds.