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MS SB2098
Bill
Status
2/26/2025
Primary Sponsor
Angela Turner-Ford
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AI Summary
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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.
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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.
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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.
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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.
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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