Bill > SB3024

This bill authorizes the State of Mississippi to issue up to $500,000 in general obligation bonds, which are a type of state debt backed by the full faith and credit of the state, to help the City of Rolling Fork fund improvements to its Civic and Event Center. The funds will be deposited into a special account called the "2026 Rolling Fork Civic and Event Center Improvements Fund," and any remaining money after the improvements are completed will be used to pay off the debt incurred by the bonds. The State Bond Commission, referred to as the "Commission," will manage the issuance and sale of these bonds, which must be issued before July 1, 2030, and will mature within 25 years. The bill also outlines various procedural aspects of bond issuance, including how they will be signed, registered, and validated, and states that these bonds will be exempt from state taxation and considered safe investments for various financial institutions and fiduciaries.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB3024.xml