MS SB2108

Authorizes the State Bond Commission to issue up to $50,000 in general obligation bonds to assist the Town of Anguilla, Mississippi with three specific projects: purchasing and installing new signs and lights on Main Street, renovating the town basketball court, and purchasing and installing an outdoor flagpole with United States flag.

Creates a special fund designated the "2024 Town of Anguilla Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds to pay project costs at the discretion of the Department of Finance and Administration.

Establishes that bonds shall be general obligations of the State of Mississippi with the state's full faith and credit pledged for repayment, with principal and interest payable from state appropriations or the State Treasury if insufficient.

Sets bond maturity limit at 25 years from date of issue with interest rates not to exceed limits in Section 75-17-101, Mississippi Code of 1972, and prohibits bond issuance after July 1, 2028.

Directs any remaining fund balance after project completion to be applied to debt service on issued bonds, and allows investment earnings on the fund to be used for bond debt service.