MS HB1772

Authorizes issuance of up to $354,000 in Mississippi general obligation bonds to assist the Town of Duncan with extending, upgrading, and improving the town's walking trail

Creates the "2023 Town of Duncan Walking Trail Extension Fund" within the State Treasury to hold bond proceeds, with funds disbursed at the discretion of the Department of Finance and Administration

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

Bond proceeds and income are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions

No bonds may be issued under this act after July 1, 2027, with the act taking effect July 1, 2023