MS HB1126

Extends until July 1, 2021, the Mississippi Home Corporation's authority to issue bonds and notes annually in an aggregate principal amount not exceeding $350,000,000.

After July 1, 2021, the corporation's bonding authority will be limited to the aggregate principal amount of bonds and notes outstanding on that date, rather than the $350 million annual limit.

Excludes from these limits bonds and notes issued to refund outstanding bonds, bonds where the corporation acts as a conduit issuer, and bonds issued for Hurricane Katrina-related purposes.

The corporation may issue bonds or notes secured by corporation revenues, particular revenues, private insurance, letters of credit, federal or state grants, or pledged securities and reserves.

Takes effect June 30, 2019.