MS HB620

Authorizes issuance of state general obligation bonds not to exceed $2,000,000 to fund construction, furnishing, and equipping of a new building and related facilities for the School of Public Health at Jackson State University.

Creates a special fund titled "2018 Jackson State University School of Public Health Construction Fund" within the State Treasury to receive bond proceeds and disburse funds for project costs.

Establishes the State Bond Commission as the issuing agent with authority to prescribe bond form, determine sale method, advertise for bids, and issue and sell the bonds.

Specifies bonds shall mature within 25 years from date of issue, bear interest rates not exceeding limits in Mississippi Code Section 75-17-101, and be backed by the full faith and credit of the State of Mississippi.

Prohibits bond issuance after July 1, 2022, and makes bonds exempt from all state taxation with proceeds used solely for the authorized public health building project and issuance costs.