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Did Not Advance

Mississippi Proposes $500,000 Bond Issue for Oakes African American Cultural Center

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

Last action · February 25, 2026: 02/25 (S) Died In CommitteeSponsor: Joseph Thomas

Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Proposed

Senate Bill 3027 would authorize the State Bond Commission to issue up to $500,000 in to fund repairs and renovations at the Oakes African American Cultural Center in Yazoo City. The measure establishes a special Treasury fund for these monies and sets a final bond issuance deadline of July 1, 2030.

Background
  • Senate Bill 3027 was introduced during the 2026 Regular Session of the Mississippi Legislature and ultimately died in committee. context

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

State Bond Commission

The commission is authorized to prescribe bond forms, determine sale methods, advertise bids, and issue the bonds.

Directly affected

Department of Finance and Administration

The department is granted discretion to disburse monies from the special fund to pay repair and renovation costs.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is the maximum amount of bonds that can be issued for the cultural center?
The total amount of bonds authorized under the act shall not exceed Five Hundred Thousand Dollars ($500,000.00).
What happens to unspent money left in the special fund at the end of the fiscal year?
Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund.
Is there a deadline for issuing these bonds?
Yes, no bonds shall be issued under this section after July 1, 2030.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Where This Stands

This bill did not become law - Died in committee.

Procedural history

2 actions
  1. Feb 25, 2026Senate
    02/25 (S) Died In Committee
  2. Feb 10, 2026SenateCommittee
    02/10 (S) Referred To Finance

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Sponsors

Connected Entities

Hinds County, State Bond Commission, Oakes African American Cultural Center and 4 more
locationHinds County“Location of the Chancery Court for bond validation”Map →
OrganizationState Bond Commission“Acts as issuing agent for state general obligation bonds”Map →
OrganizationOakes African American Cultural Center“Cultural center in Yazoo City designated to receive repair funds”Map →
OrganizationState Treasurer“Maintains the special fund and certifies warrant necessities”Map →
locationJackson“City where bond sale notices and taxpayer notices are published”Map →
locationYazoo City“Location of the Oakes African American Cultural Center”Map →
OrganizationDepartment of Finance and Administration“Disburses special fund monies and directs warrant issuance”Map →

Sources

Open source document

billstatus.ls.state.ms.us

Analysis Score

0–100
  • Significance15
    Lowered because this bill did not pass (its text scored 15)
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz10
    Current news / social attention level

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