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MS SB2028

Bill

Status

Failed

6/3/2020

Primary Sponsor

Robert Jackson

Click for details

Origin

Senate

2020 Regular Session

AI Summary

  • Authorizes issuance of up to $1,300,000 in state general obligation bonds to fund the Delta Blues Museum in Clarksdale, Mississippi

  • Creates the "2020 Delta Blues Museum Fund" within the State Treasury to receive bond proceeds for acquisition, storage, and relocation of artifacts, as well as design, fabrication, and installation of permanent exhibits including films and interactive components

  • Bonds must be issued before July 1, 2024, with a maximum maturity of 25 years from date of issue

  • Bonds and income from them are exempt from all Mississippi state taxation and constitute legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies

  • Department of Finance and Administration oversees fund disbursement and may receive additional local or other source funds for the project

Legislative Description

Bonds; authorize the issuance of general obligation bonds to assist Delta Blues Museum's installation of permanent exhibits.

Last Action

Died In Committee

6/3/2020

Committee Referrals

Finance1/14/2020

Full Bill Text

No bill text available