MS HB526

Authorizes issuance of state general obligation bonds not to exceed $30,000 to fund acquisition and installation of outdoor emergency warning systems and related equipment at Wheeler Attendance Center in Prentiss County, Mississippi.

Creates a special fund designated "2019 Wheeler Attendance Center Outdoor Emergency Warning Systems Fund" within the State Treasury to receive bond proceeds and disburse funds for the project.

Bonds may be issued anytime before July 1, 2023, with maturity not to exceed 25 years from date of issue, and interest rates subject to Mississippi Code Section 75-17-101 limits.

Pledges the full faith and credit of the State of Mississippi to guarantee bond payment; any deficiency in appropriated funds shall be paid by the State Treasurer from unappropriated state funds.

Bonds are exempt from all state taxation and any remaining fund balances after project completion shall be applied to pay debt service on the issued bonds.