MS HB1549

Authorizes issuance of state general obligation bonds up to $55,013,000 to fund repair and renovation projects at Mississippi Valley State University, with no bonds to be issued after July 1, 2024.

Allocates bond funds as follows: $12,673,000 for Student Union Building; $9,065,000 for Charles Lackey Recreation Center; $11,090,000 for Fielding L. Wright Math and Science Building; $11,395,000 for Leflore Residence Hall; and $10,790,000 for Ratcliff Hall.

Creates the "2020 Mississippi Valley State University Repair and Renovation Fund" within the State Treasury to hold and disburse bond proceeds, with unexpended amounts and investment earnings remaining in the fund rather than reverting to the General Fund.

Establishes that bonds are general obligations of the State of Mississippi backed by full faith and credit, with principal and interest payments guaranteed by the state treasury if legislative appropriations are insufficient.

Bonds may mature up to 25 years from issuance, are exempt from Mississippi state taxation, and may be sold through public sealed bid auction or negotiated sale as determined by the State Bond Commission.