MS SB2128

Authorizes issuance of state general obligation bonds not to exceed $50,000 to assist the Town of Anguilla, Mississippi with three specific projects: purchase and installation of new signs and lights on Main Street, renovation of the town basketball court, and purchase and installation of an outdoor flagpole and United States flag.

Creates a special fund called the "2025 Town of Anguilla Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds to the town for the authorized projects.

Bonds shall be general obligations of the State of Mississippi with full faith and credit pledged for repayment; any remaining funds after project completion shall be applied to bond debt service.

Establishes standard bond issuance procedures through the State Bond Commission, including terms not to exceed 25 years from date of issue with interest rates complying with Mississippi Code Section 75-17-101.

Prohibits bond issuance after July 1, 2029, and exempts bonds and income from all state taxation.