MS HB426

Authorizes issuance of state general obligation bonds not to exceed $8,000,000 to fund renovation and equipping of a portion of Metrocenter Mall in Jackson, Mississippi for the Hinds Community College Workforce Development Training Center.

Creates a special fund called the "2019 Hinds Community College Workforce Development Training Center Fund" within the State Treasury, maintained separately from the General Fund, with unexpended amounts not lapsing at fiscal year end.

Grants the State Bond Commission authority to determine bond terms including interest rates (not exceeding limits in Section 75-17-101), maturity dates (not to exceed 25 years), and method of sale through sealed bids or negotiation.

Pledges the full faith and credit of Mississippi for bond repayment; any deficiencies shall be paid by the State Treasurer from unappropriated funds in the State Treasury.

Provides that bonds and income are exempt from all taxation in Mississippi and qualifies as legal investments for trustees, fiduciaries, banks, and insurance companies organized under Mississippi law.