MS HB367

Authorizes issuance of up to $2,000,000 in state general obligation bonds to fund repair and renovation of Rose E. McCoy Auditorium at Jackson State University

Creates the "2016 Jackson State University Rose E. McCoy Auditorium Repair and Renovation Fund" as a special fund within the State Treasury to hold bond proceeds

Bonds must be issued before July 1, 2020, and must mature within 25 years from the date of issue

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

Department of Finance and Administration controls disbursement of funds; any remaining funds after project completion will be applied to bond debt service