Bill > SB3023

This bill authorizes the State of Mississippi to issue up to $750,000 in general obligation bonds, which are a type of debt backed by the full faith and credit of the state, to fund the repair and renovation of the Triangle Cultural Center in Yazoo City. The funds will be deposited into a special account called the "2026 Triangle Cultural Center Repair and Renovation Fund" and can be used for various costs associated with the project, including work on the section occupied by the Museum of the Yazoo Historical Society. The State Bond Commission, referred to as the "Commission," will oversee the issuance and sale of these bonds, which must be issued by July 1, 2030, and will mature within 25 years. Any remaining funds in the special account after the renovation is complete will be used to pay off the debt incurred by the bonds. The bill also outlines the procedures for bond issuance, including their negotiability, tax-exempt status within Mississippi, and legal investment qualifications.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB3023.xml