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MS SB2119
Bill
AI Summary
- Authorizes issuance of up to $500,000 in state general obligation bonds to assist the City of Rolling Fork, Mississippi with improvements to the Rolling Fork Civic and Event Center
- Creates a special fund designated "2025 Rolling Fork Civic and Event Center Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds for project costs
- Bonds may mature up to 25 years from date of issue, bear interest 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
- Bonds must be issued by July 1, 2029, with the State Bond Commission authorized to determine bond terms, sale method, and timing through resolution adoption
- Bonds and income therefrom are exempt from state taxation, and any remaining fund balance after project completion shall be applied to debt service on the bonds
Legislative Description
Bonds; authorize issuance of general obligation bonds for improvements to Rolling Fork Civic and Event Center.
Last Action
Died In Committee
2/26/2025
Committee Referrals
Finance1/17/2025
Full Bill Text
No bill text available