MS HB1444

Authorizes issuance of state general obligation bonds not to exceed $12,500,000 for repair, renovation, expansion, and improvements to the Joseph H. Jackson Building at Jackson State University's College of Education and Human Development.

Creates a special fund within the State Treasury designated "2015 Jackson State University College of Education and Human Development Improvements Fund" to receive bond proceeds and maintain them separately from the General Fund.

Establishes bond terms including maturity not to exceed 25 years, interest rates complying with Mississippi law, and authority for the State Bond Commission to prescribe form, determine sale method, and execute all necessary bonding procedures.

Pledges the full faith and credit of the State of Mississippi to guarantee principal and interest payments, requiring the State Treasurer to pay any deficiency from unappropriated state funds.

Provides that all bonds are exempt from state taxation and may be validated through Chancery Court; prohibits bond issuance after July 1, 2019.