MS HB1579

Authorizes issuance of state general obligation bonds not to exceed $2,000,000 to fund construction, furnishing, and equipping of a multipurpose building and related facilities at the Greenville Higher Education Center/Mississippi Delta Community College.

Creates the "2019 Greenville Higher Education Center/Mississippi Delta Community College Improvements Fund" as a separate fund within the State Treasury to receive and disburse bond proceeds for the authorized project.

Bonds may be issued at any time or from time to time by the State Bond Commission but must be issued by July 1, 2023, with maturity dates not exceeding 25 years from issue date.

Pledges the full faith and credit of the State of Mississippi to guarantee bond payments; any shortfall in appropriated funds shall be paid from the State Treasury.

Bond proceeds and income are exempt from all state taxation, and bonds are legal investments for trustees, fiduciaries, banks, and other financial institutions in Mississippi.