MS HB378

Authorizes issuance of up to $2,000,000 in state general obligation bonds to fund construction, repair, renovation, replacement, and improvement of buildings, facilities, exhibits, and infrastructure at the Jackson Zoo in Jackson, Mississippi

Creates the "2016 Jackson Zoo Improvements Fund" within the State Treasury as a separate special fund that does not lapse into the General Fund at fiscal year end

Bonds may not be issued after 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

The State Bond Commission serves as the issuing agent with authority to determine bond sale methods, either through sealed public bids or negotiated sales