MS HB1702

Authorizes the State Bond Commission to issue up to $75,000,000 in general obligation bonds to fund construction of a multi-purpose domed arena and related facilities on Jackson State University's campus.

Limits bond issuance to no more than $25,000,000 per fiscal year, with all bonds required to be issued by July 1, 2017.

Creates a special "2013 Jackson State University Multi-Purpose Domed Arena Construction Fund" within the State Treasury to receive and disburse bond proceeds under the direction of the Department of Finance and Administration.

Bonds mature in no more than 25 years, are secured by the full faith and credit of the State of Mississippi, and are exempt from state taxation; any remaining funds after project completion shall be applied to debt service on the bonds.

Authorizes the State Bond Commission to determine bond terms, sale method, interest rates (within statutory limits), and other specifications necessary for issuance and sale of the bonds.