MS HB262

Authorizes issuance of up to $100,000,000 in general obligation bonds to fund capital improvements for public school districts in Mississippi

Creates the "2021 Public School Capital Improvements Fund" within the State Treasury, with funds disbursed at the discretion of the State Department of Education

Distributes 30% of funds to school districts based on their proportion of average daily attendance statewide, and 70% based on their proportion of at-risk pupils

Bonds may mature up to 25 years from date of issue, are tax-exempt in Mississippi, and are backed by the full faith and credit of the state

Effective date of July 1, 2021