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MS SB2013
Bill
AI Summary
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Authorizes issuance of up to $500,000 in state general obligation bonds to fund improvements to the Rolling Fork Civic and Event Center in Rolling Fork, Mississippi
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Creates the "2023 Rolling Fork Civic and Event Center Improvements Fund" as a special fund within the State Treasury to hold bond proceeds, with unexpended amounts not lapsing to the General Fund
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Bonds must be issued before July 1, 2027, and may mature up to 25 years from the date of issuance
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Pledges the full faith and credit of the State of Mississippi for repayment of principal and interest on the bonds
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Exempts the bonds and income from them from all state taxation and authorizes their use as legal investments for trustees, fiduciaries, and financial institutions
Legislative Description
Bonds; authorize issuance of general obligation bonds for improvements to Rolling Fork Civic and Event Center.
Last Action
Died In Committee
2/22/2023