MS HB1340

Authorizes issuance of up to $10,000,000 in state general obligation bonds to fund construction, furnishing, and equipping of a new dormitory and related facilities at Coahoma Community College in Clarksdale, Mississippi

Creates the "2023 Coahoma Community College Dormitory Construction Fund" as a special fund within the State Treasury to hold and disburse bond proceeds

Bonds must mature within 25 years from date of issue and may be sold through public sealed bids or negotiated sales at the State Bond Commission's discretion

Bonds and income from them are exempt from all state taxation and constitute legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies

No bonds may be issued under this act after July 1, 2027, with the act taking effect July 1, 2023