MS SB2532

Amends Mississippi Code to clarify that counties and municipalities may issue bonds as either serial bonds or single-term bonds, with annual payment requirements.

Allows single-term bonds that amortize annually with a final maturity not exceeding 20 years, subject to the same amortization and interest rate requirements as serial bonds.

Modifies Section 19-9-7 to allow county bonds in denominations specified by county governing authorities, removing the previous restriction limiting denominations to $100 to $5,000 per bond.

Applies the same changes to municipal bond issuance authority under Section 21-33-315, permitting single-term bonds with annual amortization and flexible denominations.

Takes effect upon passage.