MS SB2447

Authorizes the issuance of up to $8,000,000 in state general obligation bonds to fund furnishing, equipping, remodeling, repairing and renovating a portion of the Metrocenter Mall in Jackson, Mississippi for 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 to receive and disburse bond proceeds, with unexpended amounts and interest earnings remaining in the fund rather than reverting to the General Fund.

Grants the State Bond Commission authority to determine bond terms including denomination, interest rates (not exceeding statutory limits), maturity dates (up to 25 years), and sale method through either 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 unappropriated state funds.

Exempts the bonds and their income from all taxation in Mississippi and designates them as legal investments for trustees, fiduciaries, banks, and insurance companies.