MS SB3148

Authorizes issuance of up to $28,000,000 in State of Mississippi general obligation bonds to fund improvements to North Hills Street in Meridian, Mississippi

Creates the "2022 City of Meridian North Hills Street Improvements Fund" as a special fund within the State Treasury, with unexpended amounts and investment earnings retained in the fund rather than lapsing to the General Fund

Bonds may mature up to 25 years from date of issue and are backed by the full faith and credit of the State of Mississippi

No bonds may be issued under this act after July 1, 2026

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