MS HB387

Authorizes issuance of up to $2,000,000 in state general obligation bonds to fund construction, furnishing, and equipping of a new building and related facilities for the School of Public Health at Jackson State University

Creates the "2021 Jackson State University School of Public Health Construction Fund" within the State Treasury to hold bond proceeds, 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 mature within 25 years from date of issue, with interest rates subject to limits in existing state law

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

State Bond Commission serves as issuing agent with authority to determine bond terms, sale methods, and timing of issuance