Bill > SB2124

This bill authorizes the State of Mississippi to issue up to $150,000 in general obligation bonds to help the Town of Rolling Fork fund a memorial sculpture honoring Muddy Waters, a legendary blues musician. The State Bond Commission will manage the bond issuance, which must be completed by July 1, 2029. A special fund called the "2025 Town of Rolling Fork Muddy Waters Memorial Sculpture Fund" will be created within the State Treasury to receive and manage the funds, with the Department of Finance and Administration having discretion to disburse the money specifically for acquiring and placing the memorial sculpture. The bonds are considered general obligations of the state, meaning the state's full faith and credit is pledged to repay them, and if legislative appropriations are insufficient, the State Treasurer will cover any shortfall from unappropriated funds. The bonds will be legally investable by financial institutions, exempt from state taxation, and can be validated through the Chancery Court. The bill provides detailed provisions about the bonds' characteristics, including interest rates, maturity timeline (not to exceed 25 years), and the process for their issuance and sale.

Budget and Finance

https://billstatus.ls.state.ms.us/2025/pdf/history/SB/SB2124.xml