MS SB2014

Authorizes issuance of state general obligation bonds up to $1,250,000 for the Tammy Wynette Legacy Park Center in Tremont, Mississippi to build, equip, furnish, and purchase additional land for the facility.

Creates a special fund designated "2018 Tammy Wynette Legacy Park Center Fund" within the State Treasury to receive bond proceeds and any investment earnings, which shall not lapse into the General Fund.

Grants the State Bond Commission authority to determine bond terms including interest rates (not to exceed limits in Section 75-17-101), maturity dates (up to 25 years), denominations, and sale method; bonds become general obligations of the state with full faith and credit pledged.

Requires bond proceeds to be disbursed solely by the Department of Finance and Administration for project costs, with remaining funds applied to debt service after project completion or abandonment.

Prohibits bond issuance after July 1, 2022, and provides that bonds are exempt from state taxation and qualify as legal investments for state trustees, fiduciaries, and financial institutions.