MS SB2983

Authorizes the State Bond Commission to issue up to $1,500,000 in general obligation bonds to fund construction, furnishing, and equipping of the Mississippi Maritime Museum in Pascagoula.

Creates a special fund called the "2019 Mississippi Maritime Museum Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds for the project.

Bonds may be issued at any time before July 1, 2023, with a maturity period not to exceed 25 years from the date of issue.

Full faith and credit of the State of Mississippi is pledged to guarantee payment of principal and interest on the bonds.

Any remaining funds in the special fund after project completion shall be applied to pay debt service on the bonds, and investment earnings on the fund shall also be used for debt service.