MS HB209

Authorizes Mississippi to issue up to $500,000 in state general obligation bonds to fund repair, renovation, and restoration of the Rosenwald School in Marshall County.

Creates the "2024 Rosenwald School - Marshall County Repair and Renovation Fund" as a special fund within the State Treasury to receive bond proceeds and disburse funds for the project.

Bonds may mature up to 25 years from issuance, with interest rates not exceeding limits in Mississippi Code Section 75-17-101, and no bonds may be issued after July 1, 2028.

Pledges the full faith and credit of the State of Mississippi to guarantee bond repayment; if legislative appropriations are insufficient, the State Treasurer must pay deficiencies from the General Treasury.

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