MS HB1667

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 "2017 Jackson Zoo Improvements Fund" within the State Treasury as a special fund separate from the General Fund, with unexpended amounts and investment earnings remaining in the fund

Bonds must be issued before July 1, 2021, 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, with the State Treasurer authorized to pay principal and interest from State Treasury funds if legislative appropriations are insufficient

Bonds and income from them are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies