MS SB3050

Authorizes issuance of up to $1,500,000 in state general obligation bonds to fund construction of a workforce center called the DeSoto Technology Park near the DeSoto Career Tech Center West Campus in Horn Lake, Mississippi

Creates the "2018 DeSoto County Workforce Center Construction Fund" within the State Treasury to receive and disburse bond proceeds for the project

Bonds must be issued before July 1, 2022, and shall mature within 25 years from date of issue

Bonds are backed by the full faith and credit of the State of Mississippi, with the State Treasurer authorized to pay principal and interest from state funds if appropriations are insufficient

Bond income is exempt from all Mississippi state taxation and bonds qualify as legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies