MS SB2113

Authorizes issuance of state general obligation bonds not to exceed $114,690 to assist Serenity on the Bayou in Anguilla, Mississippi with renovation and equipping costs for the Emmanuel Community Center building

Creates a special fund designated "2024 Serenity on the Bayou Emmanuel Community Center Fund" within the State Treasury to receive and disburse bond proceeds for the project

Establishes that bonds are general obligations of Mississippi with full faith and credit of the state pledged for repayment, exempt from state taxation, and valid legal investments for fiduciaries and financial institutions

Grants State Bond Commission authority to determine bond terms including interest rates (not exceeding statutory limits), maturity dates (not exceeding 25 years), and redemption provisions, with proceeds disbursed by Department of Finance and Administration

No bonds may be issued under this authority after July 1, 2028, and any remaining funds after project completion shall be applied to pay debt service on the issued bonds