MS HB930

Reenacts and amends authorization for school districts to issue State Aid Capital Improvement Bonds secured by Mississippi Adequate Education Program (MAEP) funds, with a cap of $195.00 per pupil based on average daily attendance

Permits bond proceeds to be used for purchasing, constructing, repairing, or equipping school buildings and facilities, technology infrastructure and hardware, water/sewage/heating/air conditioning systems, and refinancing existing debt

Requires State Board of Education approval of capital expenditure plans, with conditions that instructional quality will not be reduced and the district has sufficient revenue to maintain at least Level III accreditation

Limits bond maturity to 10 years, with interest rates not exceeding those allowed under Section 75-17-101, and terms cannot exceed the expected useful life of the financed project

Establishes that debt secured by pledged revenue under this provision is not subject to debt limitations, with the authorization set to expire on June 30, 2020