MS SB2009

Authorizes issuance of state general obligation bonds not to exceed $300,000 to assist the Town of Anguilla, Mississippi in constructing a museum and visitor center.

Bonds may not be issued after July 1, 2027, and shall mature no later than 25 years from date of issue with interest rates not exceeding limits in Mississippi Code Section 75-17-101.

Creates the "2023 Town of Anguilla Museum and Visitor Center Fund" as a special treasury fund to disburse bond proceeds for project costs, with unexpended amounts and interest earnings remaining in the fund.

Pledges the full faith and credit of the State of Mississippi to pay bond principal and interest, with any deficiency paid by the State Treasurer from unappropriated state funds.

Bonds are exempt from Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, banks, and insurance companies.