MS SB2205

Authorizes issuance of up to $300,000 in state general obligation bonds to fund repair and renovation of the Triangle Cultural Center in Yazoo City, Mississippi, including the Museum of the Yazoo Historical Society

Creates the "2022 Triangle Cultural Center Repair and Renovation Fund" as a special fund within the State Treasury, with unexpended amounts and interest earnings remaining in the fund rather than lapsing to the General Fund

Bonds must be issued before July 1, 2026, with a maximum maturity of 25 years from date of issue

Pledges the full faith and credit of the State of Mississippi for repayment of the bonds, with the State Treasurer authorized to pay any deficiencies from available state funds

Bonds and income from them are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies