MS SB3150

Increases total bond authorization for the Hinds County Development Project Loan Fund from $30,000,000 to $50,000,000

Raises the annual bond issuance cap from $3,500,000 to $20,000,000 per fiscal year

Expands eligible uses of loan funds to include infrastructure improvements, a structured parking facility, and other improvements associated with an entertainment development project

Maintains existing authorization for loans to construct a hotel with at least 200 guest rooms and associated parking garage in Hinds County

Loan repayment terms remain up to 20 years, with interest set at the true interest cost of the most recent 20-year state general obligation bonds