MS HB110

Authorizes the State Bond Commission to issue up to $75,000 in general obligation bonds for the Town of Pace, Mississippi, to fund site grading, playground equipment, basketball court improvements, and playground improvements.

Authorizes the State Bond Commission to issue up to $75,000 in general obligation bonds for the Town of Benoit, Mississippi, for identical park improvement purposes.

Creates separate special funds ("2025 Town of Pace Parks Improvements Fund" and "2025 Town of Benoit Improvements Fund") within the State Treasury to receive bond proceeds and disburse funds at the Department of Finance and Administration's discretion.

Bonds are general obligations of the State of Mississippi backed by the full faith and credit of the state, with a maximum maturity of 25 years and interest rates not to exceed limits set by Mississippi Code Section 75-17-101.

No bonds may be issued under this act after July 1, 2029, and any remaining funds after project completion shall be applied to pay debt service on the bonds.