MS HB1659

Authorizes issuance of up to $1,500,000 in state general obligation bonds to assist North Bolivar Consolidated School District with school improvements.

Up to $750,000 allocated for repair, renovation, rehabilitation and/or replacement of heating, ventilation, air conditioning systems and water and plumbing systems at Broad Street High School.

Up to $750,000 allocated for upgrades to the vocational and technical education program at John F. Kennedy Memorial High School.

Creates a special fund within the State Treasury called the "2017 North Bolivar Consolidated School District Improvements Fund" to receive bond proceeds and manage disbursements.

Bonds cannot be issued after July 1, 2021, with a maximum maturity of 25 years; any remaining funds after project completion shall be applied to debt service on the bonds.