MS HB1737

Authorizes issuance of state general obligation bonds up to $2,760,890 to assist Perry County in constructing a roadway, bridge, and related infrastructure for access to the Perry County Industrial Park.

Creates the "2023 Perry County Industrial Park Access Infrastructure Construction Fund" within the State Treasury to receive bond proceeds and disburse funds for the described projects.

Bonds may be issued at any time or in multiple installments until July 1, 2027, with maturity dates not exceeding 25 years from issuance and interest rates not to exceed limits in Mississippi Code Section 75-17-101.

Full faith and credit of the State of Mississippi is pledged to pay bond principal and interest; any shortfall shall be paid by the State Treasurer from available general funds.

Bond income is exempt from Mississippi state taxation, and any unspent fund balance after project completion shall be applied toward debt service on the bonds.