MS HB300

Authorizes issuance of general obligation bonds up to $100,000,000 by the State Bond Commission to fund school district capital improvements.

Creates a "2018 Public School Capital Improvements Fund" in the State Treasury to receive bond proceeds and distribute funds to school districts based on average daily attendance (30%) and at-risk pupil attendance (70%).

Bonds may mature up to 25 years from issuance, with interest rates not to exceed statutory limits, and are backed by the full faith and credit of Mississippi.

Bond proceeds and income are exempt from state taxation and may be used only for school capital improvements and costs related to bond issuance and sale.

Effective July 1, 2018; any remaining fund balances after project completion must be applied to pay bond debt service.