MS HB1854

Authorizes issuance of general obligation bonds not exceeding $250,000 to fund financial assistance for students trained by Access Training, Inc., with no bonds to be issued after July 1, 2029.

Creates a special fund called the "2025 Access Training, Inc., Students Assistance Fund" to disburse bond proceeds for tuition, fees, stipends, mentorship initiatives, and continuing education for healthcare providers.

Bonds are general obligations of Mississippi with full faith and credit of the state pledged for repayment; bonds are tax-exempt and legal investments for fiduciaries and financial institutions.

Bond terms including interest rates, maturity dates (up to 25 years), and redemption options to be determined by State Bond Commission resolution; proceeds disbursed under restrictions as specified in the authorizing resolution.

Takes effect July 1, 2025; any unspent fund amounts after project completion or abandonment shall be applied to bond debt service.