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MS SB2122
Bill
AI Summary
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Authorizes the issuance of state general obligation bonds not to exceed $300,000 to fund repair and renovation costs of the Triangle Cultural Center in Yazoo City, Mississippi, including the Museum of the Yazoo Historical Society portion.
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Creates a special fund designated the "2025 Triangle Cultural Center Repair and Renovation Fund" within the State Treasury to receive bond proceeds and disburse funds for project costs.
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Specifies that bonds mature within 25 years, bear interest at rates not exceeding limits in Section 75-17-101, and may be redeemed before maturity at the State's option.
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Pledges the full faith and credit of the State of Mississippi to guarantee bond payments, with any payment deficiencies covered by the State Treasurer from unappropriated state funds.
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Prohibits bond issuance after July 1, 2029, and directs any remaining fund balance after project completion to pay debt service on the bonds.
Legislative Description
Bonds; authorize issuance of general obligation bonds for repair and renovation of Triangle Cultural Center in Yazoo City.
Last Action
Died In Committee
2/26/2025