MS HB1572

Authorizes issuance of up to $11,000,000 in state general obligation bonds for capital improvements at the Mississippi State Fire Academy in Rankin County.

Bond proceeds shall fund construction and equipment of a fire station, dormitory, disaster staging area, related infrastructure, property acquisition for parking, and continuation of previously authorized projects.

Creates a special "2019 Mississippi State Fire Academy Capital Improvements Fund" within the State Treasury to receive and disburse bond proceeds under direction of the Department of Finance and Administration.

Bonds mature within 25 years from date of issue, bear interest at rates not exceeding limits in Mississippi Code Section 75-17-101, and are backed by the full faith and credit of the State of Mississippi.

No bonds may be issued under this authority after July 1, 2023; act takes effect July 1, 2019.