MS SB2780

Revises the authorized purposes for bonds issued under the John C. Robinson Mississippi Aviation Museum Fund to include construction, repair, renovation, furnishing, and equipping a building leased from the City of Gulfport, removing previous language limited to architectural planning and museum consultants.

Maintains the existing cap of $250,000 in total bonds that may be issued, with the prohibition on issuing bonds after July 1, 2011 remaining in effect.

Preserves all existing provisions regarding bond administration by the State Bond Commission, including bond terms, interest rates, maturity periods not exceeding 25 years, and redemption options.

Confirms that bonds remain general obligations of Mississippi backed by the full faith and credit of the state, with proceeds to be transferred to the special fund and disbursed by the Department of Finance and Administration to the John C. Robinson "Brown Condor" Association.

Retains provisions for tax exemption of bond income, investment earnings deposited back into the fund, and application of remaining funds to debt service upon project completion.