MS HB1570

Limits State Bond Commission powers to administrative and procedural functions for bond issuance, including acting as issuing agent, prescribing bond form, determining sale method, advertising for bids, setting sale timing, and issuing/selling bonds.

Prohibits the Commission from rejecting or withholding state bonds based on its evaluation of project merits or bond issuance policy appropriateness; requires bond issuance if all legislative conditions are met.

Allows the Commission to perform additional powers specifically granted by the Legislature in the act authorizing bond issuance.

Consolidates separate State Bond Commission creation provisions from Sections 31-17-1 and 31-17-101 into a single section defining the commission as composed of the Governor, Attorney General, and State Treasurer.

Applies only to state bonds authorized by legislative acts enacted on or after the bill's effective date.