MS HB822

Authorizes the State Bond Commission to issue up to $2,000,000 in general obligation bonds for improvements to the Jackson Zoo in Jackson, Mississippi, with all bonds to be issued by July 1, 2025.

Creates the "2021 Jackson Zoo Improvements Fund" within the State Treasury to receive bond proceeds and any investment earnings, to be used solely for construction, repair, renovation, replacement and improvement of Jackson Zoo buildings, facilities, exhibits and infrastructure.

Pledges the full faith and credit of the State of Mississippi to back the bonds, with the State Treasurer authorized to pay any debt service deficiencies from general state funds if appropriations are insufficient.

Bonds may mature up to 25 years from issuance, with interest rates not exceeding limits in Mississippi Code Section 75-17-101, and may be sold through sealed bids at public sale or negotiated sale as determined by the State Bond Commission.

Bonds and their income are exempt from all Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, banks, and insurance companies organized under Mississippi law.