MS SB2126

Authorizes issuance of state general obligation bonds not to exceed $300,000 to assist the Town of Anguilla, Mississippi in constructing a museum and visitor center.

Creates a special fund designated "2025 Town of Anguilla Museum and Visitor Center Fund" within the State Treasury to receive bond proceeds and disburse funds for project costs.

Bonds may mature up to 25 years from issuance, with interest rates not exceeding limits set by Mississippi Code Section 75-17-101, and must be issued by July 1, 2029.

Bonds are general obligations of Mississippi with full faith and credit pledged; if appropriated funds are insufficient for payment, the State Treasurer shall pay deficiencies from unappropriated state funds.

Unexpended fund amounts remaining after project completion shall be applied to pay debt service on issued bonds; investment earnings on fund amounts shall also be used for debt service.