MS HB159

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 "2024 Coahoma Community College Dormitory Construction Fund" as a special fund within the State Treasury to hold bond proceeds, with unexpended amounts and interest earnings retained in the fund

Bonds may mature up to 25 years from date of issue and are backed by the full faith and credit of the State of Mississippi

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

No bonds may be issued under this act after July 1, 2028, with the act taking effect July 1, 2024