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MS SB2115
Bill
AI Summary
- Authorizes issuance of state general obligation bonds not to exceed $300,000 to fund repair and renovation of the Triangle Cultural Center in Yazoo City, including the Museum of the Yazoo Historical Society
- Creates a special fund designated "2024 Triangle Cultural Center Repair and Renovation Fund" within the State Treasury to receive bond proceeds and disburse them for project costs
- Bonds shall mature within 25 years from date of issue, bear interest at rates not exceeding limits set by Mississippi Code Section 75-17-101, and are backed by the full faith and credit of the State of Mississippi
- No bonds may be issued under this act after July 1, 2028
- Bonds and income from bonds are exempt from all taxation in Mississippi and may be validated through the Chancery Court of the First Judicial District of Hinds County
Legislative Description
Bonds; authorize issuance of general obligation bonds for repair and renovation of Triangle Cultural Center in Yazoo City.
Last Action
Died In Committee
3/27/2024
Committee Referrals
Finance1/19/2024
Full Bill Text
No bill text available