MS HB1532

Authorizes issuance of state general obligation bonds not to exceed $75,000 each for the Town of Pace and Town of Benoit, Mississippi to fund site grading, playground equipment acquisition, basketball court improvements, and playground improvements for town parks.

Creates separate special funds ("2023 Town of Pace Parks Improvements Fund" and "2023 Town of Benoit Improvements Fund") within the State Treasury to receive bond proceeds and disburse funds for authorized park projects.

Establishes that the State Bond Commission may issue bonds at any time or in installments, with bonds maturing within 25 years, bearing interest rates not to exceed limits set in Mississippi Code Section 75-17-101, and no bonds issued after July 1, 2027.

Pledges full faith and credit of the State of Mississippi to back bonds as general obligations, with the State Treasurer authorized to certify payment necessity to the Department of Finance and Administration for debt service when due.

Takes effect July 1, 2023, and includes standard bond issuance provisions covering bond negotiability, legal investment status, tax exemption of bond income, and procedural requirements for sale and validation.