MS HB731

Authorizes the Department of Finance and Administration to incur short-term debt, including notes and other evidence of indebtedness, to pay costs of implementing and administering improvement projects in the Capitol Complex Improvement District.

Debt issued under this authority may be secured by sales tax revenue allocated to the Capitol Complex Improvement District Project Fund pursuant to Section 27-65-75(1)(c).

All notes or certificates of indebtedness issued shall mature in approximately equal installments of principal and interest over a period not exceeding 20 years from the date of issuance.

Debt issuance requires concurrence of the State Bond Commission.