MS SB2354

Authorizes the State Bond Commission to issue up to $2,000,000 in general obligation bonds to fund construction, repair, renovation, and improvements at the Jackson Zoo and Livingston Park in Jackson, Mississippi.

Establishes the "2019 Jackson Zoo/Livingston Park Improvements Fund" as a separate special fund in the State Treasury to receive bond proceeds and any investment earnings.

Bonds may not be issued after July 1, 2023, and shall mature within 25 years from the date of issue with interest rates not to exceed limits set in Mississippi Code Section 75-17-101.

Bonds are secured by the full faith and credit of the State of Mississippi, making them general obligations of the state with tax-exempt status.

Remaining funds in the special account after project completion shall be applied to pay debt service on the issued bonds.