MS SB2477

Removes the June 30, 2021 sunset date (reverter) on the Mississippi Home Corporation's authority to issue negotiable bonds and notes for low and moderate income housing

Preserves the annual bond issuance limit of $350,000,000 in aggregate principal amount per state fiscal year

Maintains exemptions from the limit for refunding bonds, conduit issues, and Hurricane Katrina-related bonds and notes

The Mississippi Home Corporation remains the sole state entity authorized to issue bonds for financing low and moderate income rental or residential housing

Bonds issued are exempt from the Mississippi Securities Act and may be secured by various credit enhancements, pledges, or corporation revenues