MS HB1591

Increases the maximum amount of state general obligation bonds that may be issued for the Local Governments and Rural Water Systems Improvements Revolving Loan Fund from $24,743,000.00 to $26,143,000.00.

Authorizes the State Bond Commission to negotiate the sale of bonds in addition to the existing sealed bid process, giving the commission discretion to determine the appropriate method for bond sales.

Removes the requirement that notice of bond sales be published in newspapers or financial journals with large national circulation; requires publication only in Jackson-area newspapers when bonds are sold on sealed bids at public sale.

Maintains existing provisions that bond proceeds be deposited into the revolving fund and emergency fund, and that bonds remain backed by the full faith and credit of the State of Mississippi.