MS HB1021

Authorizes Mississippi to issue up to $250,000 in general obligation bonds to assist the Town of Shubuta with construction, reconstruction, refurbishing, repair, renovation, and restoration of the Shubuta Town Hall building and related facilities

Creates the "2021 Shubuta Town Hall Building Improvements Fund" within the State Treasury to hold bond proceeds, with the Department of Finance and Administration controlling disbursements

Bonds must be issued before July 1, 2025, and may mature up to 25 years from the date of issue

Bonds are backed by the full faith and credit of the State of Mississippi, with the State Treasurer authorized to pay from any available funds if appropriations are insufficient

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