MS HB1543

Authorizes issuance of up to $5,000,000 in state general obligation bonds to fund construction of the Pearl River Community College Workforce Development Center in Hancock County, Mississippi.

Authorizes issuance of up to $1,500,000 in state general obligation bonds to fund construction of the NW MS Workforce Development and Career Technology Center in DeSoto County, Mississippi.

Creates separate special funds for each project within the State Treasury, with proceeds disbursed by the Department of Finance and Administration for construction costs.

Bonds mature within 25 years, bear interest per state law limits, and are backed by the full faith and credit of Mississippi; any unexpended funds after project completion applied to debt service.

Bond issuance authority expires July 1, 2022; bonds are tax-exempt and qualify as legal investments for state fiduciaries and financial institutions.