MS HB1680

Authorizes issuance of state general obligation bonds not to exceed $2,250,000 to fund repairs and renovations at three West Bolivar Consolidated School District schools (West Bolivar High School, Shaw High School, and Ray Brooks School).

Allocates up to $750,000 per school for HVAC system repairs or replacement, water and sewer system repairs or replacement, and mold removal and structural repairs.

Creates the "2017 West Bolivar Consolidated School District Improvements Fund" within the State Treasury to receive and disburse bond proceeds under direction of the Department of Finance and Administration.

Requires the State Bond Commission to issue and sell bonds with terms including maturity not to exceed 25 years, interest rates per Section 75-17-101, and redemption options, with all issuance costs payable from bond proceeds.

No bonds may be issued after July 1, 2021; remaining funds after project completion are applied to bond debt service, and bond proceeds and income are exempt from state taxation.