MS HB534

Authorizes the State Bond Commission to issue general obligation bonds up to $28,511,500 to fund construction, furnishing, and equipping of a new student housing building and related facilities at Mississippi Valley State University.

Creates a special fund designated "2025 Mississippi Valley State University Student Housing Building Construction Fund" within the State Treasury to receive bond proceeds and disburse funds for the project.

Bonds are general obligations of Mississippi backed by the full faith and credit of the state, with interest rates not exceeding limits set in Section 75-17-101 of Mississippi Code and maturity not exceeding 25 years from issuance.

Bonds are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, banks, and insurance companies organized under Mississippi law.

Bond issuance authorization expires July 1, 2029, and any remaining fund balance after project completion shall be applied to pay debt service on the issued bonds.