MS HB1736

Authorizes issuance of state general obligation bonds not to exceed $5,250,000 to assist Perry County with roadway improvements, with bonds not to be issued after July 1, 2027.

Funds three specific Perry County road projects: Buck Creek Road ($2,000,000), Cochran Road ($2,000,000), and East Bond Road ($1,250,000).

Creates the "2023 Perry County Roadways Improvements Fund" as a special fund in the State Treasury, with unexpended amounts and interest earnings retained in the fund rather than reverting to the General Fund.

Bonds are general obligations of the State of Mississippi backed by full faith and credit, exempt from state taxation, with principal and interest payments certified by the State Treasurer and paid from state funds if insufficient appropriations exist.

State Bond Commission authorized to determine bond terms (interest rate not exceeding statutory limits, maturity up to 25 years, redemption options) and manage bond sale through public or negotiated sale methods.