MS SB2371

Authorizes the State Bond Commission to issue up to $20,000,000 in general obligation bonds to fund construction, furnishing, and equipping of the Mississippi River Museum in Greenville, Mississippi.

Creates a special "2020 Mississippi River Museum Construction 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 may mature up to 25 years from issuance with interest rates not exceeding limits in Mississippi Code Section 75-17-101, and no bonds may be issued after July 1, 2024.

Pledges the full faith and credit of the State of Mississippi to secure bonds, making them general obligations backed by the State Treasury if appropriated funds prove insufficient.

Bonds are exempt from Mississippi taxation and qualify as legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies organized under state law.