MS SB3184

Extends bond issuance authority for capital improvements at institutions of higher learning and state agencies until July 1, 2011, and allows the State Bond Commission to negotiate bond sales instead of requiring sealed bids with newspaper publication.

Authorizes formation of nonprofit "educational building corporations" for community and junior colleges to acquire or construct facilities and issue bonds, with bonds being solely obligations of the corporation, not the state or college.

Increases lease agreement terms for community and junior colleges from 25 to 35 years and requires business interruption insurance on auxiliary facilities acquired through leasing or financing.

Increases maximum bond authorization for statewide wireless communications system from $37 million to $57 million and allows telecommunication enterprises contracted with the state to receive tax credit vouchers (up to $2 million annually) instead of cash payments.

Modifies sweet potato loan guaranty program to allow Department of Agriculture and Commerce to certify acreage instead of requiring Farm Services Authority certification, sets maximum loan at $1,700 per acre, and limits repayment to five years.