MS HB1209

Authorizes issuance of up to $100,000 in state general obligation bonds to fund construction, repair, renovation, replacement, and improvement of facilities and infrastructure at Livingston Park in Jackson, Mississippi

Creates the "2021 City of Jackson Livingston Park Improvements Fund" as a special fund within the State Treasury, with unexpended amounts and interest earnings remaining in the fund rather than lapsing to the General Fund

Bonds must be issued before July 1, 2025, and may mature up to 25 years from the date of issue

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

The State Bond Commission is authorized to determine the form, sale method, and terms of the bonds, with proceeds disbursed at the discretion of the Department of Finance and Administration