MS SB2372

Authorizes the State Bond Commission to issue general obligation bonds not to exceed $2,500,000 to assist the City of Jackson with repair and renovation costs of the Thalia Mara Hall complex.

Bonds may mature up to 25 years from issuance with interest rates not exceeding limits set in Mississippi Code Section 75-17-101, with no bonds issued after July 1, 2026.

Creates a special "2022 Thalia Mara Hall Complex Fund" within the State Treasury to receive bond proceeds, which shall be disbursed by the Department of Finance and Administration for the project costs.

Pledges the full faith and credit of the State of Mississippi to back the bonds, with any shortfall in appropriated funds to be paid by the State Treasurer from available state treasury funds.

Bonds and income from the bonds are exempt from all Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, and state financial institutions.