MS HB1677

Authorizes issuance of up to $1,500,000 in state general obligation bonds to fund construction, repair, renovation, replacement, and improvement of buildings, facilities, exhibits, and infrastructure at Jackson Zoo and Livingston Park in Jackson, Mississippi

Creates the "2017 Jackson Zoo/Livingston Park Improvements Fund" as a special fund within the State Treasury, with unexpended amounts and interest earnings remaining in the fund rather than lapsing to the General Fund

Bonds must be issued before July 1, 2021, and shall mature no more than 25 years from the 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

Department of Finance and Administration has discretion over disbursement of funds for zoo and park improvements, with the State Bond Commission acting as issuing agent for the bonds