MS HB1849

Authorizes the State Bond Commission to issue general obligation bonds up to $10,000,000 to fund acquisition of new equipment, repairs, renovations, upgrades, and improvements to the Mississippi Forensics Laboratory in Rankin County.

Creates the "2024 Mississippi Forensics Laboratory Fund" within the State Treasury to receive bond proceeds and hold funds for the authorized forensics laboratory projects.

Bonds shall mature within 25 years from date of issue, bear interest at rates not exceeding limits set by Mississippi Code Section 75-17-101, and are backed by the full faith and credit of the State of Mississippi.

Bond income is exempt from Mississippi state taxation, and all bonds are legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies in Mississippi.

No bonds may be issued under this act after July 1, 2028; the act takes effect July 1, 2024.