MS SB2415

Authorizes the issuance of up to $20,000,000 in state general obligation bonds to fund construction, furnishing, and equipping of the Mississippi River Museum in Greenville, Mississippi.

Creates a special "2019 Mississippi River Museum Construction Fund" within the State Treasury to receive and disburse bond proceeds for the museum project.

Bonds must be issued by July 1, 2023, and may have a maturity period of up to 25 years from the date of issue.

Upon project completion, abandonment, or if the project cannot be completed timely, remaining fund balances shall be applied to pay debt service on the bonds.

Bonds are general obligations of the State of Mississippi backed by the full faith and credit of the state, with interest and principal exempt from state taxation.