MS SB2934

Authorizes the State Bond Commission to issue up to $196,000 in state general obligation bonds to assist the Rodney Foundation, Inc. in repairing and renovating the historic Rodney Presbyterian Church in the Rodney Center Historic District.

Creates the "2017 Rodney Presbyterian Church Repair and Renovation Fund" within the State Treasury to receive bond proceeds and disburse funds for the project under the discretion of the Department of Finance and Administration.

Bonds may have maturities up to 25 years, interest rates not to exceed statutory limits, and may be redeemed before maturity; no bonds may be issued after July 1, 2021.

Pledges the full faith and credit of the State of Mississippi to guarantee payment of bonds and interest; if appropriated funds are insufficient, deficiencies shall be paid from the State Treasury.

Bond proceeds are exempt from Mississippi state taxation, and any remaining funds after project completion shall be applied to debt service on the issued bonds.