MS SB2020

Authorizes the State Bond Commission to issue up to $10,000,000 in general obligation bonds to fund capital improvements at the Mississippi State Fire Academy in Rankin County.

Up to $7,000,000 may be used for construction, furnishing, and equipping of a fire station, dormitory, and state disaster staging area at the academy.

Remaining bond proceeds shall fund repair, renovation, rehabilitation, and reconstruction of buildings, facilities, and equipment at the academy.

Creates a special "2017 Mississippi State Fire Academy Capital Improvements Fund" within the State Treasury to receive and disburse bond proceeds under direction of the Department of Finance and Administration.

Bonds cannot be issued after July 1, 2021, and shall mature within 25 years; all bonds are general obligations backed by the full faith and credit of the State of Mississippi.