MS SB3090

Authorizes issuance of up to $4,000,000 in state general obligation bonds to assist the City of Oxford, Mississippi, with repair and renovation costs for a building to house the City of Oxford Police Department

Creates the "2022 City of Oxford Police Department Building Renovation 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, with interest payable semiannually or annually, and are backed by the full faith and credit of the State of Mississippi

Bonds and income from them are exempt from all Mississippi 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