MS HB1597

Authorizes issuance of up to $1,000,000 in state general obligation bonds to fund construction, furnishing, and equipping of the Partnership School on Mississippi State University's campus

Creates the "2016 Partnership School Construction Fund" as a special fund within the State Treasury to receive and disburse bond proceeds

Bonds may mature up to 25 years from date of issue, with interest rates subject to limits in Section 75-17-101 of Mississippi Code

Bonds are backed by the full faith and credit of the State of Mississippi and are exempt from all state taxation

State Bond Commission is authorized to determine bond sale method, advertise for bids or negotiate sales, and handle all aspects of bond issuance and administration