MS HB1571

Authorizes issuance of $10,000,000 in state general obligation bonds for the ACE Fund, with proceeds deposited into the fund and bonds maturing within 25 years, no bonds issued after July 1, 2018.

Increases the authorization for general obligation bonds under the Mississippi Business Investment Act by $5,000,000, raising the total bond authorization from $341,500,000 to $346,500,000.

Increases bond proceeds available for the Mississippi Development Authority's equipment and public facilities grant and loan fund by $5,000,000, raising the authorization from $50,100,000 to $55,100,000 for infrastructure improvements, equipment purchases, and facility construction or renovation.

Increases general obligation bonds authorized under the Economic Development Highway Act by $10,000,000, raising the total authorization from $357,500,000 to $367,500,000 for economic development highway projects.

Removes the expiration date (July 1, 2014) on provisions allowing the State Bond Commission to negotiate bond sales for Economic Development Highway Act bonds, and eliminates the requirement to publish notice of bond sales when negotiated rather than sealed bid sales.