MS HB603

Authorizes issuance of up to $3,000,000 in state general obligation bonds to assist Holly Springs, Mississippi with construction, reconstruction, repair, upgrades, and improvements to Mississippi Highway 178 and related infrastructure

Creates the "2026 City of Holly Springs Mississippi Highway 178 Improvements Fund" as a special fund within the State Treasury, separate from the General Fund

Bonds may have a maximum maturity of 25 years from date of issue, with interest payable semiannually or annually

Bonds and income from them are exempt from all state taxation and constitute legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies

No bonds may be issued under this act after July 1, 2030