MS HB1131

Allows certain county industrial development authorities to sell bonds or notes directly to the United States of America or any federal agency at private sale if a prior commitment for purchase or financial assistance has been received.

Bonds or notes sold to the federal government may mature up to 35 years (increased from the standard 30-year limit) and must comply with Mississippi's maximum interest rate cap under Section 75-17-103.

Removes the requirement for public notice and competitive bidding when selling bonds to the federal government, allowing private sale instead.

Amends Section 57-31-9 to clarify that the 35-year maturity extension applies only when bonds are sold under the federal commitment provisions of Section 57-31-13.

Takes effect July 1, 2019.