MS HB1673

Authorizes the State Bond Commission to issue general obligation bonds up to $200,000 for improvements to the Jackson Zoo in Jackson, Mississippi.

Creates a special fund called the "2023 Jackson Zoo Improvements Fund" to receive bond proceeds and disburse funds for construction, repair, renovation, replacement and improvement of buildings, facilities, exhibits and infrastructure at the zoo.

Bonds may mature up to 25 years from date of issue, with interest rates not exceeding limits set in Mississippi Code Section 75-17-101, and are backed by the full faith and credit of the State of Mississippi.

Bond proceeds are exempt from Mississippi state taxation, and any unexpended amounts or investment earnings in the fund shall be applied to pay debt service on the bonds after projects are completed or abandoned.

Bonds cannot be issued after July 1, 2027, and the act takes effect July 1, 2023.