MS HB1005

Increases the maximum amount of state general obligation bonds that may be issued for livestock facility grants from an unspecified amount to $15,000,000.

Authorizes the Department of Agriculture and Commerce to provide grants to counties and municipalities for construction, renovation, and expansion of livestock facilities, with recipients required to match grant amounts with equal cash contributions (up to $25,000 may be in-kind contributions).

Limits individual grants to a maximum of $500,000 per location and $2,000,000 per congressional district, with new bond proceeds prioritized for counties and municipalities that did not have livestock facilities on January 1, 2011.

Establishes the "Livestock Facilities Grant Fund" to hold bond proceeds and authorizes the State Bond Commission to issue, sell, and manage the bonds with terms up to 20 years maturity.

Takes effect July 1, 2011.