MS HB919

Authorizes issuance of state general obligation bonds not to exceed $55,013,000 for repair and renovation projects at Mississippi Valley State University, with a deadline of July 1, 2025 for bond issuance.

Creates a special fund designated "2021 Mississippi Valley State University Repair and Renovation Fund" to be maintained separately from the General Fund, with unexpended amounts and investment earnings retained in the fund.

Allocates bond proceeds for five specific campus projects: Student Union Building ($12,673,000), Charles Lackey Recreation Center ($9,065,000), Fielding L. Wright Math and Science Building ($11,090,000), Leflore Residence Hall ($11,395,000), and Ratcliff Hall ($10,790,000).

Pledges the full faith and credit of Mississippi to guarantee bond repayment, with the State Treasurer authorized to issue warrants from the General Fund if appropriated funds are insufficient to pay principal and interest when due.

Exempts bonds from state taxation, authorizes the State Bond Commission to determine bond terms and conditions, and permits bonds to mature up to 25 years from issuance with interest payable semiannually or annually.