MS HB161

Authorizes the State Bond Commission to issue up to $500,000 in general obligation bonds to assist the City of Greenville, Mississippi with repair and renovation of city parks and the municipal golf course.

Creates a special fund designated the "2024 City of Greenville Parks and Municipal Golf Course Repair and Renovation Fund" within the State Treasury to receive bond proceeds and disburse them to the city for specified projects: Greenville Municipal Golf Course ($125,000), Frisby Park ($125,000), Rounds Park ($125,000), and Maude Bryan Park ($125,000).

Bonds may mature up to 25 years from issuance, with interest rates not exceeding limits in Mississippi Code Section 75-17-101, and cannot be issued after July 1, 2028.

Bonds are backed by the full faith and credit of the State of Mississippi and are exempt from state taxation; any remaining funds after project completion shall be used for debt service on the bonds.

Authorizes the State Treasurer and Department of Finance and Administration to issue warrants and transfer necessary funds to pay principal and interest on bonds as they become due.