MS HB1288

Authorizes the issuance of up to $5,000,000 in state general obligation bonds to fund Jackson State University's Science, Technology, Engineering and Mathematics (STEM) program.

Creates a special "2022 Jackson State University Science, Technology, Engineering and Mathematics (STEM) Program Fund" within the State Treasury to receive bond proceeds and disburse them to JSU for STEM program administration and operation.

Grants the State Bond Commission authority to issue, sell, and manage the bonds, with maturity dates not exceeding 25 years and an issuance deadline of July 1, 2026.

Pledges the full faith and credit of Mississippi to pay bond principal and interest; any unexpended funds shall be applied to debt service after projects are completed or abandoned.

Exempts bonds from Mississippi state taxation and qualifies them as legal investments for trustees, fiduciaries, savings banks, and insurance companies organized in Mississippi.