MS SB3091

Authorizes issuance of state general obligation bonds totaling up to $5,910,000 to assist the Columbus Redevelopment Authority with the Columbus Revitalization Project, including redevelopment of "Burns Bottom," now known as "ParkView"

Creates a special fund designated the "2022 Columbus Redevelopment Authority Project Fund" within the State Treasury to receive and disburse bond proceeds for project costs

Bonds may be issued at any time until July 1, 2026, with maturities not to exceed 25 years, interest rates subject to Mississippi Code Section 75-17-101, and all bonds backed by the full faith and credit of the State of Mississippi

Provides that any remaining fund amounts after project completion shall be applied to pay debt service on the bonds, and investment earnings on the fund shall be used for bond debt service

Bonds are exempt from state taxation and may be validated through Chancery Court proceedings; the State Treasurer is authorized to issue warrants to pay principal and interest when due