MS HB95

Authorizes the State Bond Commission to issue general obligation bonds not to exceed $142,915 to assist the City of Baldwyn, Mississippi with construction, engineering, and related costs for paving Poplar Street.

Creates a special fund designated "2024 City of Baldwyn Poplar Street Fund" within the State Treasury to receive bond proceeds and disburse funds for the paving project.

Bonds may mature up to 25 years from date of issue, with interest rates not exceeding limits set in Section 75-17-101, Mississippi Code of 1972, and are exempt from state taxation.

Pledges the full faith and credit of the State of Mississippi for bond repayment; any remaining fund balance after project completion shall be applied to bond debt service.

No bonds may be issued under this authority after July 1, 2028, and the act takes effect July 1, 2024.