MS SB2121

Authorizes issuance of state general obligation bonds not to exceed $350,000 to assist Community Health and Wellness Center, Inc. in paying costs for repair and renovation of its health care facility in Isola, Mississippi.

Creates the "2025 Isola Community Health and Wellness Center Fund" within the State Treasury to receive bond proceeds and disburse funds for the project, with unexpended amounts not lapsing at fiscal year end.

Bonds may mature up to 25 years from date of issue with interest rates not exceeding limits set in Mississippi Code Section 75-17-101, and no bonds may be issued after July 1, 2029.

Full faith and credit of the State of Mississippi is pledged for bond repayment; bonds are exempt from state taxation and constitute legal investments for trustees, fiduciaries, and insurance companies.

Bonds may be validated in Chancery Court of the First Judicial District of Hinds County and are subject to standard state bond issuance procedures managed by the State Bond Commission.