MS HB806

Authorizes the State Bond Commission to issue up to $5,000,000 in general obligation bonds to fund construction, furnishing, and equipping of the Partnership School on the Mississippi State University campus.

Creates a special fund designated the "2020 Partnership School Construction Fund" within the State Treasury to receive bond proceeds and disburse funds for project costs.

Permits bonds to mature up to 25 years from issuance with interest rates not exceeding limits in Mississippi Code Section 75-17-101; no bonds may be issued after July 1, 2024.

Pledges the full faith and credit of the State of Mississippi to guarantee bond repayment, with any shortfall paid from the State Treasury; bonds are exempt from state taxation.

Allows any remaining fund balance after project completion to be applied toward bond debt service, with investment earnings on the fund used to pay bond debt service.