MS SB2336

Authorizes issuance of state general obligation bonds not to exceed $3,600,000 for construction, furnishing, and equipping of two career technical buildings at the Greenville Higher Education Center.

Creates a special fund designated "2020 Greenville Higher Education Center Career Tech Building Construction Fund" within the State Treasury to receive bond proceeds and disburse them for project costs.

Bonds may be issued until July 1, 2024, with maturity dates not exceeding 25 years from issuance and interest rates subject to Mississippi Code limits.

State Bond Commission acts as issuing agent with authority to prescribe bond form, determine sale method, advertise for bids, and negotiate sales.

Bonds are general obligations of the State of Mississippi backed by full faith and credit, with interest and principal payments exempt from state taxation.