MS HB1668

Authorizes the issuance of state general obligation bonds up to $3,600,000 to fund construction, furnishing, and equipping of a new multipurpose building and related facilities at the Greenville Higher Education Center/Mississippi Delta Community College.

Creates the "2017 Greenville Higher Education Center/Mississippi Delta Community College Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds for the project under direction of the Department of Finance and Administration.

Requires the State Bond Commission to act as issuing agent with authority to prescribe bond forms, determine sale methods, advertise for bids, and issue the bonds at interest rates not exceeding limits in Mississippi Code Section 75-17-101.

Sets a deadline of July 1, 2021 for bond issuance and allows bonds to mature up to 25 years from issue date with provisions for early redemption.

Pledges the full faith and credit of the State of Mississippi to guarantee bond repayment; exempts bonds and income from state taxation; and allows unused funds after project completion to be applied to debt service on the bonds.