MS HB1638

Authorizes issuance of up to $12,000,000 in state general obligation bonds by the State Bond Commission to fund Mississippi Department of Wildlife, Fisheries and Parks capital projects.

Bond proceeds must be used for repair and renovation of capital facilities, improvements, dams, roofing, wastewater and water well mandates, and other facility maintenance items.

Creates a special "2018 State Parks Repair, Renovation and Capital Improvements Fund" in the State Treasury to receive bond proceeds and disburse funds at the discretion of the Wildlife, Fisheries and Parks Department.

Bonds may mature up to 25 years from issue date with interest rates not exceeding limits set in Mississippi Code Section 75-17-101; all bonds are general obligations backed by full faith and credit of the State.

Bond issuance authority expires July 1, 2022, and bonds and income from bonds are exempt from Mississippi state taxation.