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MS SB2110
Bill
AI Summary
- Authorizes issuance of state general obligation bonds not to exceed $300,000 to assist the Town of Anguilla, Mississippi in constructing a museum and visitor center
- Creates a special fund called the "2024 Town of Anguilla Museum and Visitor Center Fund" within the State Treasury to receive and disburse bond proceeds
- Bonds may mature in up to 25 years, bear interest rates subject to state law limits, and are backed by the full faith and credit of the state
- State Bond Commission is authorized to determine bond terms, advertise for and accept bids, sell bonds, and prescribe issuance procedures
- No bonds may be issued after July 1, 2028, and any remaining funds after project completion shall be applied to pay debt service on the bonds
Legislative Description
Bonds; authorize to assist Town of Anguilla in paying costs of construction of museum and visitor center.
Last Action
Died In Committee
3/27/2024
Committee Referrals
Finance1/19/2024
Full Bill Text
No bill text available