MS SB3085

Authorizes the State Bond Commission to issue up to $4,000,000 in general obligation bonds to assist the City of Holly Springs with construction, furnishing, and equipping of a wellness and aquatics center and related facilities.

Creates a special fund designated "2019 City of Holly Springs Wellness and Aquatics Center Construction Fund" within the State Treasury to receive bond proceeds and disburse funds for project costs.

Bonds may have maturity dates up to 25 years from issuance and must be issued by July 1, 2023.

Pledges the full faith and credit of the State of Mississippi to guarantee bond repayment, with any shortfalls paid from the State Treasury.

Bonds are exempt from Mississippi state taxation and qualify as legal investments for trustees, banks, and other fiduciaries in the state.