MS HB1255

Authorizes issuance of state general obligation bonds up to $2,000,000 to fund construction, repair, renovation, and improvement of buildings, facilities, exhibits, and infrastructure at the Jackson Zoo in Jackson, Mississippi

Creates a special "2022 Jackson Zoo Improvements Fund" within the State Treasury to receive bond proceeds and manage disbursements under direction of the Department of Finance and Administration

Bonds may not be issued after July 1, 2026, and shall mature no later than 25 years from the date of issue with interest rates not to exceed limits in Mississippi Code Section 75-17-101

Full faith and credit of the State of Mississippi is pledged to repay bonds; any unexpended funds remaining after project completion shall be applied to debt service on the bonds

Bonds are exempt from state taxation and may be sold through sealed public bidding or negotiated sale, with the State Bond Commission acting as issuing agent