MS HB1430

Authorizes the State Bond Commission to issue up to $2,000,000 in general obligation bonds for construction, repair, renovation, and improvements to the Jackson Zoo in Jackson, Mississippi.

Creates a special "2011 Jackson Zoo Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds for Jackson Zoo projects, with unexpended amounts and investment earnings retained in the fund.

Bonds may not be issued after July 1, 2015, and shall mature within 25 years from issuance with interest rates subject to Mississippi Code Section 75-17-101.

Pledges the full faith and credit of the State of Mississippi to guarantee payment of principal and interest, with any shortfall paid from the State Treasury.

Bonds and income from bonds are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, savings banks, and insurance companies in Mississippi.