MS HB801

Authorizes the State Bond Commission to issue up to $150,000 in state general obligation bonds to assist Mississippi Minority Farmers Alliance with building and parking lot repairs in Monroe County.

Creates a special fund designated "2022 Mississippi Minority Farmers Alliance Building Repair Fund" within the State Treasury to receive bond proceeds and disburse funds for the repair project.

Bonds may mature over up to 25 years from date of issue, with interest rates not to exceed limits set in Mississippi Code Section 75-17-101, and no bonds may be issued after July 1, 2026.

Pledges the full faith and credit of the State of Mississippi to guarantee repayment of principal and interest on the bonds, with any shortfall covered by the State Treasurer from general treasury funds.

Bonds and their income are exempt from all Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies in Mississippi.