MS HB1567

Authorizes issuance of up to $2,000,000 in state general obligation bonds to assist the City of Jackson's Department of Planning and Development with acquisition, demolition, and removal of blighted properties.

Creates the "2022 City of Jackson Blighted Properties Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds for eligible project costs.

Establishes that bonds are general obligations of the State of Mississippi backed by full faith and credit, with principal and interest payable from appropriated funds or the State Treasury if insufficient.

Bonds may mature up to 25 years from issuance with interest rates not exceeding limits in Mississippi Code Section 75-17-101, and are exempt from state taxation.

Authorizes bond issuance only until July 1, 2026, and requires the State Bond Commission to handle all issuance details including sale method, advertising, and proceeds transfer to the special fund.