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MS HB1114
Bill
Status
Failed
2/24/2021
Primary Sponsor
Orlando Paden
Click for details
AI Summary
- Authorizes issuance of state general obligation bonds not to exceed $1,300,000 to fund acquisition, storage, relocation of artifacts and design, fabrication, and installation of permanent exhibits for the Delta Blues Museum in Clarksdale, Mississippi
- Creates a special "2021 Delta Blues Museum Fund" within the State Treasury to receive bond proceeds and disburse funds under direction of the Department of Finance and Administration
- Bond proceeds may be issued at any time or from time to time, but no bonds shall be issued after July 1, 2025, with maturity not to exceed 25 years from date of issue
- Bonds are general obligations of Mississippi with full faith and credit pledged; any unexpended funds remaining after project completion shall be applied to pay debt service on the bonds
- Investment earnings on fund deposits and any remaining balances shall be used to pay debt service on bonds; bonds and income therefrom are exempt from all state taxation
Legislative Description
Bonds; authorize issuance to assist Delta Blues Museum's installation of permanent exhibits.
Last Action
Died In Committee
2/24/2021
Committee Referrals
Ways and Means1/18/2021
Full Bill Text
No bill text available