MS HB1281

Authorizes issuance of state general obligation bonds up to $500,000 to fund maintenance and renovations of the Mississippi Telecommunication Conference and Training Center in Jackson.

Creates a special "2022 Mississippi Telecommunication Conference and Training Center Fund" within the State Treasury to receive bond proceeds and disburse funds for project costs.

Bonds shall mature within 25 years from issuance, with interest rates not to exceed limits in Mississippi Code Section 75-17-101, and all interest accruing semiannually or annually.

No bonds may be issued after July 1, 2026; any remaining fund balance after project completion shall be applied to pay debt service on the bonds.

Bonds are general obligations backed by the full faith and credit of the State of Mississippi, and bond income is exempt from all state taxation.