MS HB870

Authorizes the issuance of up to $8,000,000 in state general obligation bonds to furnish, equip, remodel, repair, and renovate a portion of Metrocenter Mall in Jackson to house the Hinds Community College Workforce Development Training Center.

Creates a special fund designated "2018 Hinds Community College Workforce Development Training Center Fund" within the State Treasury, separate from the General Fund, to receive bond proceeds and any investment earnings.

Grants the State Bond Commission authority to determine bond terms (interest rates not exceeding limits in Mississippi Code Section 75-17-101, maturity up to 25 years, redemption options) and to sell bonds through public bidding or negotiated sale.

Pledges the full faith and credit of the State of Mississippi to repay principal and interest on the bonds, with any shortfall paid from state treasury funds not otherwise appropriated.

Declares bonds exempt from all Mississippi taxation and establishes them as legal investments for trustees, fiduciaries, banks, and insurance companies; permits validation through Chancery Court proceedings.