MS HB369

Authorizes issuance of state general obligation bonds not to exceed $2,000,000 to fund construction, furnishing, and equipping of a new building and related facilities for the School of Public Health at Jackson State University.

Creates a special fund designated as the "2016 Jackson State University School of Public Health Construction Fund" within the State Treasury to receive bond proceeds and disburse funds for project costs.

Establishes that bonds may mature up to 25 years from date of issue with interest rates not exceeding limits set in Mississippi Code Section 75-17-101, with the State Bond Commission authorized to issue and sell the bonds.

Specifies that no bonds may be issued after July 1, 2020, and any remaining fund amounts after project completion shall be applied to debt service on the bonds.

Pledges the full faith and credit of the State of Mississippi to pay bond principal and interest, and exempts bonds and income from all state taxation.