MS SB2127

Authorizes issuance of state general obligation bonds not to exceed $500,000 to assist the Village of Cary, Mississippi in paying costs for construction of and additions to a fire station.

Creates a special fund called the "2025 Village of Cary Fire Station Fund" within the State Treasury to receive and disburse bond proceeds for the fire station project.

Bonds are general obligations of the State of Mississippi backed by full faith and credit of the state; principal and interest are payable from appropriated funds or state general funds if insufficient.

Bond maturity shall not exceed 25 years from date of issue; interest rates subject to limits in Mississippi Code Section 75-17-101.

Bonds must be issued by July 1, 2029; remaining fund balance after project completion shall be applied to pay debt service on the bonds.