MS HB1912

Authorizes the State Bond Commission to issue state general obligation bonds not to exceed $300,000 to assist Delta Advantage Center in purchasing a C-Model Truck mobile market, related equipment, and food staging and preparatory facilities.

Creates a special fund designated "2025 Delta Advantage Center Equipment Fund" within the State Treasury to receive bond proceeds and disburse funds for the authorized project purposes.

Bonds may mature up to 25 years from issuance, bear interest at rates not exceeding limits set in 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, 2029, and any remaining funds after project completion shall be applied to pay debt service on the issued bonds.

Bonds and their income are exempt from all taxation in Mississippi and become effective July 1, 2025.