MS SB3029

Authorizes issuance of state general obligation bonds not to exceed $3,600,000 to fund construction, furnishing, and equipping of two career technical buildings at the Greenville Higher Education Center.

Creates a special fund designated "2017 Greenville Higher Education Center Career Tech Building Construction Fund" within the State Treasury to receive bond proceeds and disburse them for project costs.

Grants the State Bond Commission authority to determine bond terms including maturity (not exceeding 25 years), interest rates, denomination, and to sell bonds through sealed bids or negotiation.

Pledges the full faith and credit of the State of Mississippi to guarantee bond repayment, with any shortfall covered from the State Treasury.

Bonds must be issued by July 1, 2021, and upon project completion, any remaining fund amounts shall be applied to pay debt service on the bonds.