MS SB2326

Authorizes issuance of state general obligation bonds not to exceed $2,000,000 to fund improvements to the Jackson Zoo and Livingston Park in Jackson, Mississippi.

Creates a special "2018 Jackson Zoo/Livingston Park Improvements Fund" within the State Treasury to receive bond proceeds and fund construction, repair, renovation, and infrastructure improvements at both facilities.

Establishes that bonds may be issued until July 1, 2022, with maturities not exceeding 25 years from date of issue, and interest rates not to exceed limits in Mississippi Code Section 75-17-101.

Pledges the full faith and credit of the State of Mississippi for bond repayment, with any deficiency covered by the State Treasurer from general treasury funds if legislative appropriations are insufficient.

Specifies that bonds and income are exempt from Mississippi state taxation and may be validated through Chancery Court proceedings in Hinds County.