MS HB372

Authorizes issuance of up to $12,500,000 in state general obligation bonds to fund repair, renovation, expansion, and improvements to the Joseph H. Jackson Building for the College of Education and Human Development at Jackson State University

Creates the "2016 Jackson State University College of Education and Human Development Improvements Fund" in the State Treasury to hold bond proceeds, with funds not lapsing at fiscal year end

Bonds must be issued before July 1, 2020, with a maximum maturity of 25 years from date of issue

Bonds are backed by the full faith and credit of the State of Mississippi, and both the bonds and income from them are exempt from all state taxation

The State Bond Commission serves as the issuing agent with authority to determine bond terms, sale method, and timing of issuance