MS HB727

Authorizes issuance of up to $100,000 in state general obligation bonds to fund repair, renovation, furnishing, equipping, and improvements to the Jackson Public School District's Career Development Center in Jackson, Mississippi

Creates the "2021 Jackson Public School District - Career Development Center Improvements Fund" within the State Treasury to hold bond proceeds, with unexpended funds and interest earnings remaining in the fund rather than lapsing to the General Fund

Bonds must be issued before July 1, 2025, with a maximum maturity of 25 years from 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

Department of Finance and Administration has discretion over disbursement of funds, and any remaining amounts after project completion or abandonment must be applied to bond debt service