MS HB224

Authorizes the State Bond Commission to issue general obligation bonds not to exceed $100,000 to fund repairs, renovations, furnishing, equipping, and improvements to the Jackson Public School District's Career Development Center.

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

Creates a special fund designated "2023 Jackson Public District-Career Development Center Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds for the authorized project.

Prohibits bond issuance after July 1, 2027, and requires any remaining funds after project completion to be applied toward debt service on the bonds.

Bonds and interest income are exempt from Mississippi state taxation and constitute legal investments for trustees, fiduciaries, and financial institutions.