MS SB2130

Authorizes the State Bond Commission to issue up to $90,000 in general obligation bonds to assist Adams County, Mississippi with construction costs to replace the Old Kingston School Building.

Requires Adams County and/or other sources to provide matching funds of $90,000 in aggregate as a condition for bond issuance.

Creates a special "2017 Old Kingston School Fund" in the State Treasury to receive bond proceeds and disburse funds for the project, with any remaining amounts applied to debt service after project completion.

Bonds may mature up to 25 years from issue date, with interest rates not exceeding limits in Mississippi Code Section 75-17-101, and cannot be issued after July 1, 2021.

Pledges the full faith and credit of the State of Mississippi to pay principal and interest on the bonds, with bonds being general obligations exempt from state taxation.