MS HB83

Authorizes the issuance of state general obligation bonds not to exceed $206,015.00 to assist the City of Baldwyn, Mississippi with costs for relocating a water line under/near Brickyard Street and paving Brickyard Street.

Bonds may have a maturity period of up to 25 years from issuance and may be sold by sealed bid at public sale or through negotiated sale, with the State Bond Commission managing issuance and sale procedures.

Creates a special fund designated as the "2024 City of Baldwyn Brickyard Street Fund" within the State Treasury to receive bond proceeds and disburse funds for the authorized projects.

Pledges the full faith and credit of the State of Mississippi to guarantee bond payments, with the State Treasurer authorized to issue warrants for principal and interest payments as they become due.

Bond issuance must occur before July 1, 2028, and any remaining fund balance after project completion shall be applied toward debt service on the bonds; takes effect July 1, 2024.