MS HB189

Authorizes the State Bond Commission to issue up to $2,000,000 in state general obligation bonds to assist the City of Pearl, Mississippi with repair, renovation, upgrades, and improvements to its City Hall Complex and related facilities.

Creates a special fund designated "2025 City of Pearl City Hall Complex Improvements Fund" within the State Treasury to receive bond proceeds and disburse them for the authorized projects.

Bonds may mature up to 25 years from issuance, bear interest rates not exceeding limits in Mississippi Code Section 75-17-101, and are backed by the full faith and credit of the State of Mississippi.

Bond proceeds and income from the bonds are exempt from all state taxation; any investment earnings on fund amounts must be used to pay debt service on the bonds.

No bonds may be issued under this act after July 1, 2029, and the act takes effect July 1, 2025.