MS HB1526

Authorizes issuance of up to $13,000,000 in state general obligation bonds for Jackson State University projects, with all bonds to be issued by July 1, 2018.

Bond proceeds fund construction, furnishing and equipping of a new School of Engineering building and related facilities at Jackson State University.

Bond proceeds also fund land acquisition and campus improvements including open space development, parking lots, streets, utilities, and lighting for Jackson State University in accordance with the university's master plan.

Creates the "2014 Jackson State University Land Acquisition and Improvements Fund" as a separate fund in the State Treasury, with unexpended amounts and investment earnings retained in the fund rather than reverting to the General Fund.

Bonds mature within 25 years, are backed by the full faith and credit of Mississippi, and are exempt from state taxation; remaining funds after project completion apply to bond debt service.