MS HB1527

Authorizes issuance of up to $4,000,000 in state general obligation bonds to fund Phase I of designing, constructing, furnishing, and equipping the Wellspring Center for Professional Futures in Union County, Mississippi

Creates the "2011 Wellspring Center for Professional Futures Construction Fund" as a special fund within the State Treasury to hold bond proceeds and investment earnings

Bonds may mature up to 25 years from date of issue and are exempt from all Mississippi state taxation

Amends existing law to allow school districts, community/junior college districts, counties, and municipalities to enter into agreements to establish and operate regional education centers

Designates the Department of Finance and Administration, through the Bureau of Building, Grounds and Real Property Management, to oversee fund disbursement and project management