MS HB137

Authorizes issuance of up to $100,000 in state general obligation bonds to assist the City of Saltillo, Mississippi, with repair and renovation of its community center

Creates the "2021 City of Saltillo Community Center Repair and Renovation Fund" within the State Treasury to hold and disburse bond proceeds

Bonds may not be issued after July 1, 2025, and must mature within 25 years from the date of issue

Bonds are backed by the full faith and credit of the State of Mississippi and are exempt from all state taxation

Department of Finance and Administration has discretion over disbursement of funds to the city for the community center project