MS HB1053

Authorizes the State Bond Commission to issue up to $3,000,000 in general obligation bonds for repair and renovation of campus buildings and facilities at Mississippi Valley State University

Bonds may mature over a period not to exceed 25 years from issuance and shall bear interest rates consistent with Mississippi Code Section 75-17-101

Creates a special fund designated the "2024 Mississippi Valley State University Repair and Renovation Fund" within the State Treasury to receive bond proceeds and disburse funds for authorized projects

Pledges the full faith and credit of the State of Mississippi for bond repayment, with the State Treasurer authorized to pay principal and interest from the General Fund if appropriated funds are insufficient

Bond issuance authority expires on July 1, 2028, and bonds issued under this act are exempt from state taxation