AN ACT TO AUTHORIZE THE BOARD OF SUPERVISORS OF LEE COUNTY, MISSISSIPPI, TO IMPOSE A SPECIAL SALES TAX OF NOT MORE THAN 3/4% ON THE GROSS PROCEEDS OF ALL SALES OR THE GROSS INCOME OF BUSINESSES IN THE COUNTY DERIVED FROM ACTIVITIES TAXED AT THE RATE OF 7% UNDER THE MISSISSIPPI SALES TAX LAW; TO PROVIDE THAT THE SPECIAL SALES TAX SHALL NOT BE LEVIED UNLESS AUTHORIZED BY A MAJORITY OF THE VOTES CAST BY QUALIFIED ELECTORS ON THE ISSUE AT A REGULAR COUNTY ELECTION; TO PROVIDE THAT THE REVENUE COLLECTED FROM THE SPECIAL SALES TAX SHALL BE USED AND EXPENDED BY THE BOARD OF SUPERVISORS SOLELY FOR FUNDING A PROJECT SPECIFIED BY THE BOARD AND PLACED ON THE BALLOT AS THE PROJECT TO BE FUNDED BY THE SPECIAL SALES TAX OR PAYING DEBT SERVICE ON BONDS ISSUED OR LOANS RECEIVED FOR THE SAME PURPOSE; FOR THE PURPOSE OF FUNDING THE PROJECT OF THE BOARD OF SUPERVISORS, TO AUTHORIZE THE COUNTY TO ISSUE GENERAL OBLIGATION BONDS OR RECEIVE LOANS IN AN AGGREGATE PRINCIPAL AMOUNT NOT IN EXCESS OF AN AMOUNT FOR WHICH DEBT SERVICE IS CAPABLE OF BEING FUNDED BY THE PROCEEDS OF THE SPECIAL SALES TAX LEVIED UNDER THIS ACT; AND FOR RELATED PURPOSES.