MS HB202

Authorizes the State Bond Commission to issue up to $100,000 in general obligation bonds to fund repairs, renovations, furnishings, equipment upgrades, and improvements to the Jackson Public School District's Career Development Center.

Creates a special fund designated "2022 Jackson Public School District - Career Development Center Improvements Fund" within the State Treasury to receive and disburse bond proceeds for project costs.

Bonds may mature up to 25 years from issuance with interest rates not exceeding limits in Mississippi Code Section 75-17-101, with no bonds to be issued after July 1, 2026.

Pledges the full faith and credit of the State of Mississippi to guarantee bond payment; any insufficiency in appropriated funds shall be paid by the State Treasurer from unappropriated state funds.

Bond proceeds and income from bonds are exempt from Mississippi state taxation, and unused project funds must be applied toward debt service on the bonds once projects are completed or abandoned.