MS SB2292

Authorizes the Department of Finance and Administration, with State Bond Commission concurrence, to issue short-term debt (notes or certificates of indebtedness) to pay costs of implementing and administering Capitol Complex Improvement District projects.

Debt issued under this provision may be secured by sales tax revenue deposited to the Capitol Complex Improvement District Project Fund per Section 27-65-75(1)(c).

All notes or certificates of indebtedness must mature in approximately equal installments of principal and interest over a period not exceeding five years from issuance.

Maximum debt authorization is limited to Seven Million Dollars ($7,000,000.00).