MS SB2461

Authorizes issuance of up to $1,000,000 in state general obligation bonds to fund the purchase of property and renovation/outfitting of a building for the Hinds Community College Maritime Training Center in Vicksburg, Mississippi

Creates the "2021 Hinds Community College Maritime Training Center Fund" within the State Treasury to hold and disburse bond proceeds, with unexpended amounts and interest earnings remaining in the fund rather than lapsing to the General Fund

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

Bonds are backed by the full faith and credit of the State of Mississippi, and both the bonds and income from them are exempt from all state taxation

The State Bond Commission serves as the issuing agent with authority to determine bond terms, sale methods, and handle all aspects of issuance and sale