MS HB210

Authorizes the issuance of state general obligation bonds not exceeding $15,000,000 to fund repairs, renovations, and capital improvements at Mississippi state parks.

Creates a special fund designated "2013 State Parks Repair, Renovation and Capital Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds at the discretion of the Mississippi Department of Wildlife, Fisheries and Parks.

Bonds may be issued at one time or over multiple times, with maturity dates not exceeding 25 years, and no bonds may be issued after July 1, 2017.

Full faith and credit of the State of Mississippi is pledged for bond repayment, and any shortfall in appropriated funds shall be paid from the State Treasury; bonds are exempt from state taxation and constitute legal investments for trustees and financial institutions.

State Treasurer is authorized to certify bond debt service payment necessity to the Department of Finance and Administration, which shall issue warrants to pay principal, interest, and accrued value when due.