Authorizes Mississippi to issue bonds for Rolling Fork Civic and Event Center improvements.
Mississippi SB3024 authorizes the issuance of general obligation bonds to fund improvements to the Rolling Fork Civic and Event Center. The bonds, up to $500,000, will be issued by the State Bond Commission and proceeds will be deposited into a special fund. The fund will support costs related to the improvements, with any remaining funds used for debt service on the bonds. The bonds are exempt from state taxes and must be redeemed by July 1, 2030. The State Treasurer will certify the necessity for issuing bonds and warrants to pay their principal and interest.
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