MS SB2206

Authorizes issuance of up to $1,200,000 in state general obligation bonds to fund construction, furnishing, and equipping of a new building in Marks, Mississippi to house both a community center and City Hall

Creates the "2022 Marks, Mississippi, Community Center/City Hall Construction Fund" within the State Treasury to hold bond proceeds, with funds disbursed at the discretion of the Department of Finance and Administration

Bonds must be issued before July 1, 2026, and mature within 25 years from date of issue

Bonds are backed by the full faith and credit of the State of Mississippi, with the State Treasurer authorized to pay principal and interest from State Treasury funds if appropriated funds are insufficient

Bond income is exempt from all Mississippi state taxation and bonds qualify as legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies