MS HB81

Authorizes issuance of up to $100,000,000 in general obligation bonds to fund capital improvements for public school districts in Mississippi

Creates the "2022 Public School Capital Improvements Fund" within the State Treasury to hold and disburse bond proceeds

Distributes funds to school districts using a two-part formula: 30% based on each district's share of total average daily attendance, and 70% based on each district's share of at-risk pupils

Bonds may have a maximum maturity of 25 years, are backed by the full faith and credit of the state, and are exempt from all Mississippi taxation

Effective date of July 1, 2022