MS HB1695

Authorizes issuance of state general obligation bonds up to $6,000,000 to repair, renovate, and refurbish the Margaret Martin Performing Arts Center in Natchez, Mississippi, designated a state landmark by the Department of Archives and History.

Limits bond issuance to no more than $2,000,000 per fiscal year, with all bonds required to be issued by July 1, 2025.

Creates a special "2019 Margaret Martin Performing Arts Center Fund" within the State Treasury to receive bond proceeds and disburse funds for project costs under direction of the Department of Finance and Administration.

Establishes that bonds are general obligations of Mississippi with full faith and credit pledged; principal and interest become payable from state appropriations or general treasury funds if insufficient, with maturity not to exceed 25 years.

Authorizes the State Bond Commission to determine bond terms, select sale method, advertise and accept bids, and handle all issuance and sale procedures; bonds and income are exempt from state taxation.