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MS SB2098

Bill

Status

Failed

2/26/2025

Primary Sponsor

Angela Turner-Ford

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Authorizes issuance of state general obligation bonds up to $2,000,000 to fund repair, renovation, or construction of the Black Prairie Blues Museum in West Point, Mississippi.

  • Creates a special fund designated "2025 Black Prairie Blues Museum Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds for project costs.

  • Establishes standard bond issuance procedures including State Bond Commission authority to determine bond terms, interest rates not exceeding statutory limits, and maturity dates not to exceed 25 years.

  • Pledges the full faith and credit of Mississippi for bond repayment, requiring the State Treasurer to pay principal and interest from general state funds if appropriated funds are insufficient.

  • Requires all bonds to be issued by July 1, 2029, and directs any remaining fund balance to be applied to debt service after project completion.

Legislative Description

Bonds; authorize issuance for repair, renovation or construction of Black Prairie Blues Museum in West Point.

Last Action

Died In Committee

2/26/2025

Committee Referrals

Finance1/17/2025

Full Bill Text

No bill text available