MS SB2175

Authorizes the issuance of state general obligation bonds up to $6,175,000 to fund repairs, renovations, and refurbishing of the E.E. Bass Cultural Arts Center in Greenville, Mississippi.

Creates a special fund within the State Treasury designated as the "2015 E.E. Bass Cultural Arts Center Fund" to be managed by the State Treasurer and Department of Finance and Administration for project expenditures.

Authorizes the State Bond Commission to issue, sell, and manage the bonds, which shall mature within 25 years and bear interest rates not to exceed statutory limits.

Pledges the full faith and credit of the State of Mississippi to guarantee payment of bond principal and interest, with any deficiencies paid from unappropriated state funds.

Exempts bonds and their income from all Mississippi state taxation and designates them as legal investments for fiduciaries, banks, and insurance companies.