MS SB2088

Authorizes the State Bond Commission to issue up to $6,000,000 in general obligation bonds to repair, renovate, and refurbish the Margaret Martin Performing Arts Center in Natchez, Mississippi.

Limits bond issuance to no more than $2,000,000 per fiscal year, with all bonds 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.

Bonds shall mature within 25 years from date of issue and are backed by the full faith and credit of the State of Mississippi with principal and interest exempt from state taxation.

Remaining funds in the special fund after project completion shall be applied to pay debt service on the issued bonds, and any investment earnings on fund amounts shall be used for debt service payments.