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MS SB3019
Bill
AI Summary
- Authorizes issuance of state general obligation bonds not to exceed $7,000,000 to fund construction, furnishing, and equipping of the Marty Stuart Center and Congress of Country Music Hall in Philadelphia, Mississippi
- Creates a special fund designated "2012 Marty Stuart Center and Congress of Country Music Hall Fund" within the State Treasury to receive bond proceeds and disburse funds under direction of the Department of Finance and Administration
- Bonds shall be general obligations of Mississippi with full faith and credit pledged by the state, bearing interest at rates set by the State Bond Commission, maturing within 25 years, and exempt from state taxation
- Authorizes the State Bond Commission to prescribe bond form, determine sale method, advertise for bids, and handle issuance and sale of bonds with all incident costs paid from bond proceeds
- Any remaining fund balance after project completion shall be applied to pay debt service on the issued bonds
Legislative Description
Bonds; authorize the issuance of general obligation bonds for the Marty Stuart Center and Congress of Country Music Hall.
Last Action
Died In Committee
3/28/2012
Full Bill Text
No bill text available