MS HB1733

Authorizes the State Bond Commission to issue up to $300,000 in general obligation bonds to assist the Town of Anguilla, Mississippi with construction costs for a museum and visitor center.

Creates a special fund designated "2024 Town of Anguilla Museum Visitor Center Fund" within the State Treasury to receive bond proceeds and disburse funds for the project.

Bonds may mature up to 25 years from issuance and bear interest at rates not exceeding limits set in Mississippi Code Section 75-17-101, with principal and interest payable semiannually or annually.

Bonds are backed by the full faith and credit of the State of Mississippi; if appropriated funds are insufficient, the State Treasurer must pay any deficiency from the general state treasury.

No bonds may be issued after July 1, 2028; any remaining fund balance after project completion shall be applied to pay debt service on the bonds.