MS SB2171

Authorizes issuance of state general obligation bonds up to $6,000,000 to fund repairs, renovations, and refurbishment of the Margaret Martin Performing Arts Center in Natchez, Mississippi.

Creates a special fund designated "2023 Margaret Martin Performing Arts Center Fund" within the State Treasury to receive and disburse bond proceeds for the specified project.

Bonds may mature up to 25 years from date of issue at interest rates not exceeding limits set by Mississippi Code Section 75-17-101, with the full faith and credit of the state pledged as security.

No bonds may be issued after July 1, 2027, and any remaining funds after project completion shall be applied toward debt service on the issued bonds.

Bonds are exempt from state taxation and constitute legal investments for trustees, fiduciaries, savings banks, and insurance companies in Mississippi.