MS HB20

Authorizes the State Bond Commission to issue up to $2,000,000 in state general obligation bonds to fund construction, furnishing, and equipping of a new building and related facilities for the School of Public Health at Jackson State University.

Creates a special fund called the "2020 Jackson State University School of Public Health Construction Fund" within the State Treasury to receive and disburse bond proceeds for the project.

Bonds may be issued at any time before July 1, 2024, with maturity dates not to exceed 25 years from the date of issue and interest rates not exceeding limits set by Mississippi Code Section 75-17-101.

Bonds are backed by the full faith and credit of the State of Mississippi, with the State Treasurer obligated to pay principal and interest from state funds if legislative appropriations are insufficient.

Any remaining funds after project completion shall be applied to debt service on the bonds, and bond income is exempt from Mississippi state taxation.