MS HB894

Authorizes issuance of state general obligation bonds not to exceed $5,000,000 to assist the Jackson Municipal Airport Authority with construction and development of an emergency access road connecting Hawkins Field with City of Jackson Fire Station 20.

Creates a special fund called the "2025 Jackson Municipal Airport Authority Emergency Access Road Fund" within the State Treasury to receive bond proceeds and disburse funds for the project costs.

Bonds may have a maturity period of up to 25 years, bear interest rates within statutory limits, and may be sold by sealed bid at public sale or through negotiated sale as determined by the State Bond Commission.

Full faith and credit of the State of Mississippi is pledged to guarantee payment of bond principal and interest; if appropriated funds are insufficient, the State Treasurer shall pay any deficiency from general state funds.

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