MS HB1419

Authorizes Attala County to issue up to $5,000,000 in general obligation bonds to cover costs and debts related to Montfort Jones Memorial Hospital, including operational expenses, financing costs, and sale/lease transaction costs

Permits the county to sell or lease the hospital for up to 50 years without following standard statutory requirements, provided a certified public accounting firm reviews the hospital's operations and the board documents why the transaction benefits area residents

Requires publication of intent to issue bonds for three consecutive weeks, with a voter referendum triggered if 20% or 1,500 qualified voters (whichever is less) petition against the bond issuance

Authorizes the hospital's Board of Trustees to file for Chapter 9 municipal bankruptcy protection to seek relief from the hospital's debts and financial obligations

Bonds may mature over up to 30 years, be sold at public or private sale, and are exempt from state income taxation