MS HB1507

Authorizes the State Bond Commission to issue up to $2,000,000 in general obligation bonds to assist Jefferson County Hospital in Fayette, Mississippi with operation and maintenance costs.

Creates the "2023 Jefferson County Hospital Fund" as a special fund within the State Treasury to receive bond proceeds and disburse funds for hospital operations and maintenance.

Bonds may mature up to 25 years from issuance, bear interest within limits set by Mississippi Code Section 75-17-101, and must not be issued after July 1, 2027.

Pledges the full faith and credit of the State of Mississippi to guarantee bond repayment, with the State Treasurer authorized to pay principal and interest from state funds if necessary.

Bond proceeds and any investment earnings on fund amounts are exempt from state taxation and may be applied to debt service after hospital projects are completed or abandoned.