MS HB200

Authorizes issuance of general obligation bonds for the State of Mississippi, up to $100,000,000, to provide funds to school districts for capital improvements.

Establishes the "2024 Public Schools Capital Improvements Fund" as a special treasury fund to receive bond proceeds and distribute them to school districts: 30% based on average daily attendance statewide and 70% based on at-risk pupil attendance.

Grants the State Bond Commission authority to determine bond terms including interest rates (not exceeding statutory limits), maturity dates (not exceeding 25 years), and sale methods, with proceeds used solely for capital improvement projects and issuance costs.

Pledges the full faith and credit of the State of Mississippi to secure the bonds; bonds are exempt from state taxation and qualify as legal investments for trustees, banks, and insurance companies.

Requires all bonds to be issued by July 1, 2028, and specifies that remaining funds after project completion shall be applied to debt service on the bonds.