MS SB2917

Authorizes the issuance of state general obligation bonds not to exceed $2,000,000 to assist the City of Carthage, Mississippi with repair and renovation costs for its coliseum.

Creates a special fund designated "2020 City of Carthage Coliseum Repair and Renovation Fund" within the State Treasury to receive bond proceeds and disburse them for the coliseum project.

Bonds may be issued anytime before July 1, 2024, with a maximum maturity of 25 years and interest rates not exceeding limits set by Mississippi Code Section 75-17-101.

Pledges the full faith and credit of the State of Mississippi to guarantee bond repayment; any insufficient appropriated funds will be covered by the State Treasurer from general treasury funds.

Declares bonds as legal investments for trustees, fiduciaries, savings banks, and insurance companies in Mississippi, and exempts bond income from state taxation.