MS SB2832

Authorizes the issuance of state general obligation bonds not to exceed $5,000,000 for the Tammy Wynette Legacy Park Center in Tremont, Mississippi.

Bond proceeds shall be used to develop, build, equip, and furnish facilities at the center and to purchase additional land for the center.

Creates a special "2013 Tammy Wynette Legacy Park Center Fund" within the State Treasury to receive bond proceeds and any investment earnings, with unexpended amounts not lapsing into the General Fund.

Bonds shall mature within 25 years from date of issue, bear interest at rates not exceeding limits in Section 75-17-101, and may be redeemable before maturity; all bonds are general obligations with full faith and credit of the State of Mississippi pledged for payment.

Bond proceeds and income from the bonds are exempt from all state taxation, and the bonds are legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies organized under Mississippi law.