MS SB2746

Authorizes issuance of up to $20,000,000 in state general obligation bonds to fund construction of new facilities and relocation of the Mississippi State Veterans Home in the Jackson metropolitan area

Creates the "2022 Mississippi State Veterans Home Construction Fund" within the State Treasury to receive bond proceeds, with unexpended amounts and interest earnings remaining in the fund rather than lapsing to the General Fund

Bonds must be issued by July 1, 2026 and mature within 25 years from date of issue, with the full faith and credit of Mississippi pledged for repayment

Department of Finance and Administration has discretion over disbursement of funds for construction costs, while the State Bond Commission serves as issuing agent for the bonds

Bonds and income from them are exempt from all Mississippi taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions