MS SB2742

Authorizes issuance of up to $2,000,000 in state general obligation bonds for improvements to the Jackson Zoo and Livingston Park in Jackson, Mississippi.

Creates a special "2017 Jackson Zoo/Livingston Park Improvements Fund" within the State Treasury to receive bond proceeds and pay for construction, repair, renovation, and infrastructure improvements at both facilities.

Bonds may be issued at any time until July 1, 2021, with maturity dates not exceeding 25 years from issuance, and interest rates subject to Mississippi Code Section 75-17-101.

Requires the State Bond Commission to act as issuing agent, determine sale method, and handle all issuance and sale activities; any remaining funds after project completion shall be applied to bond debt service.

Pledges the full faith and credit of the State of Mississippi to guarantee bond payments; bond income is exempt from state taxation and bonds are legal investments for trustees, fiduciaries, and financial institutions.