MS SB2831

Authorizes issuance of up to $30,000,000 in state general obligation bonds to fund Phase II of construction, furnishing, and equipping of a Department of Public Safety headquarters building in Rankin County, Mississippi.

Creates a special fund called the "2013 Department of Public Safety Headquarters Building Construction Fund" within the State Treasury to receive bond proceeds and any local funding sources.

Bonds must be issued by July 1, 2017, with maturity not exceeding 25 years, and all proceeds shall be used solely for the described construction project and associated issuance costs.

State Bond Commission acts as issuing agent with authority to determine bond terms, method of sale, and may sell bonds through public sealed bids or private negotiation.

Bonds are general obligations backed by the full faith and credit of the State of Mississippi; any remaining funds after project completion must be used for debt service on the bonds.