MS HB1116

Authorizes issuance of up to $2,000,000 in state general obligation bonds to fund construction, furnishing, and equipping of two career technical buildings at the Greenville Higher Education Center

Creates the "2021 Greenville Higher Education Center Career Tech Building Construction Fund" within the State Treasury to hold and disburse bond proceeds

Bonds must be issued before July 1, 2025, and mature within 25 years from date of issue

Bonds are backed by the full faith and credit of the State of Mississippi, with bonds and income exempt from all state taxation

State Bond Commission serves as issuing agent with authority to determine bond terms, sale method, and pricing