MS HB1410

Authorizes issuance of up to $10,000,000 in general obligation bonds to fund the Mississippi Existing Industry Productivity Loan Fund established under Section 57-93-1

Mississippi Development Authority may declare the necessity for bond issuance, with the State Bond Commission acting as issuing agent to prescribe form, advertise, and sell the bonds

Bonds must mature within 25 years from date of issue and may be sold through sealed public bids or negotiated sales at the commission's discretion

No bonds may be issued under this act after July 1, 2015

Bonds are backed by the full faith and credit of the State of Mississippi and are exempt from all state taxation