MS HB46

Authorizes issuance of up to $500,000 in state general obligation bonds to fund construction and installation of a traffic signal at the intersection of East Metro Parkway and El Dorado Road in Pearl, Mississippi

Creates the "2023 East Metro Parkway/El Dorado Road Traffic Signal Fund" as a special fund within the State Treasury to hold bond proceeds

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

Bonds and income from them are exempt from all Mississippi state taxation

No bonds may be issued under this act after July 1, 2027, with an effective date of July 1, 2023