MS SB2053

Authorizes issuance of state general obligation bonds not exceeding $540,000 to fund the West Central Mississippi Incubator Grant Program in Humphreys, Madison, Sharkey, Sunflower, Washington, and Yazoo Counties.

Creates a special fund designated "2021 West Central Mississippi Incubator Grant Program Fund" within the State Treasury to receive bond proceeds and disburse funds at the discretion of the Department of Finance and Administration.

Grants the State Bond Commission authority to determine bond terms including interest rates (within statutory limits), maturity dates (not to exceed 25 years), and sale method, with all proceeds transferred to the special fund.

Establishes bonds as general obligations of Mississippi with full faith and credit pledge; bonds are tax-exempt and legal investments for trustees, fiduciaries, and financial institutions.

Requires no bonds be issued after July 1, 2025; authorizes State Treasurer to certify necessity for warrants to pay principal and interest when due.