MS SB2009

Authorizes issuance of up to $10,000,000 in state general obligation bonds for capital improvements at the Mississippi State Fire Academy in Rankin County, with bonds to be issued by July 1, 2022.

Allocates up to $7,000,000 for construction, furnishing, and equipping of a fire station, dormitory, and state disaster staging area at the academy, with remaining funds for repairs and renovations.

Creates the "2018 Mississippi State Fire Academy Capital Improvements Fund" as a separate special fund within the State Treasury to receive bond proceeds and disburse funds under the Department of Finance and Administration's direction.

Bonds are general obligations of Mississippi with full faith and credit pledge; principal and interest exempt from state taxation and payable semiannually or annually with maturity not to exceed 25 years.

State Treasurer authorized to issue warrants for debt service payments from any available state funds if appropriated funds are insufficient; investment earnings on fund deposits applied to bond debt service.