Mississippi Senate Bill SB2203

Mississippi 2022 Regular Session

• Introduced: 1/13/22
• Refer: 1/13/22
• Failed: 2/23/22

Caption

Bonds; authorize issuance of general obligation bonds for repair and renovation of Oakes African American Cultural Center.

Impact

This legislation emphasizes the commitment of the state of Mississippi to promote cultural heritage and preservation by financially supporting the renovation of an institution vital to African American history and culture within the state. The bill establishes a structured framework where the Department of Finance and Administration has the autonomy to manage the disbursement of funds as needed for the completion of repair work on the center. Moreover, it affirms that the bonds issued will have the full faith and credit of the state backing them, signaling to investors and stakeholders that the state prioritizes honoring its commitments.

Summary

Senate Bill 2203 is an act aimed at the issuance of state general obligation bonds, specifically designed to fund the repair and renovation efforts for the Oakes African American Cultural Center located in Yazoo City, Mississippi. The bill authorizes the creation of a dedicated fund, known as the '2022 Oakes African American Cultural Center Repair and Renovation Fund,' where all financial resources will be allocated strictly for the renovation of this cultural landmark. The total amount of bonds authorized under this legislation will not exceed $500,000, and the bonds can only be issued until July 1, 2026.

Contention

Although the bill primarily aims to support a significant cultural institution, there could be discussions regarding the allocation of state funds and the prioritization of such expenditures against other pressing funding needs in different sectors such as education or healthcare. While proponents may argue that preserving cultural sites is essential for community identity and tourism, opponents might contend that economic resources could be directed towards immediate social services. This dichotomy presents potential sources of debate within the legislature and among the public as the bill progresses.