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MS SB2031
Bill
AI Summary
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Authorizes issuance of up to $500,000 in state general obligation bonds to fund repair and renovation of the Oakes African American Cultural Center in Yazoo City, Mississippi
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Creates the "2023 Oakes African American Cultural Center Repair and Renovation Fund" as a special fund within the State Treasury to hold bond proceeds
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Bonds may mature up to 25 years from date of issue and are backed by the full faith and credit of the State of Mississippi
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Bond proceeds and income from the bonds are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions
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No bonds may be issued under this act after July 1, 2027
Legislative Description
Bonds; authorize issuance of general obligation bonds for repair and renovation of Oakes African American Cultural Center.
Last Action
Died In Committee
2/22/2023