MS SB2218

Authorizes the State Bond Commission to issue up to $500,000 in general obligation bonds to assist the Greenwood Cemetery Association in Jackson with maintenance, preservation, improvement, and restoration of the historic cemetery's grounds and monuments.

Creates a special "2021 Greenwood Cemetery Association Fund" within the State Treasury to receive bond proceeds and disburse funds at the discretion of the Department of Finance and Administration.

Allows bonds to mature up to 25 years from issuance with interest rates not to exceed limits in Mississippi Code Section 75-17-101, with no bonds issued after July 1, 2025.

Pledges the full faith and credit of the State of Mississippi to secure the bonds, requiring the State Treasurer to pay any deficiency in principal and interest from the General Treasury if appropriated funds are insufficient.

Exempts bonds and income from state taxation and designates them as legal investments for fiduciaries, banks, trust companies, and insurance companies organized under Mississippi law.