MS SB2819

Authorizes issuance of up to $9,000,000 in state general obligation bonds to fund the replacement of Dansby Hall at Jackson State University

Creates the "2013 Dansby Hall Replacement Fund" within the State Treasury to hold bond proceeds and investment earnings, with funds not lapsing at fiscal year end

Bonds may have a maximum maturity of 25 years from date of issue and are backed by the full faith and credit of the State of Mississippi

Department of Finance and Administration, through the Bureau of Building, Grounds and Real Property Management, is authorized to direct expenditure of funds and receive additional local or other source funds for the project

Bonds and income from them are exempt from all Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions