MS SB2379

Authorizes issuance of state general obligation bonds not to exceed $6,000,000 to fund repairs, renovations, and refurbishment of the Margaret Martin Performing Arts Center in Natchez, Mississippi.

Creates a special fund designated "2022 Margaret Martin Performing Arts Center Fund" within the State Treasury to receive bond proceeds and disburse funds for project costs.

Bonds may mature up to 25 years from date of issue with interest rates not exceeding limits in Section 75-17-101, Mississippi Code of 1972, and all bonds are exempt from state taxation.

State Bond Commission authorized to issue and sell bonds, determine sale method, and manage all procedures; State Treasurer must certify funds necessary for debt service payments when due.

No bonds may be issued under this act after July 1, 2026; any remaining fund balance after project completion shall be applied to bond debt service.