MS HB693

Authorizes the State Bond Commission to issue general obligation bonds not to exceed $500,000 to fund repair, renovation, and restoration costs for the Rosenwald School in Marshall County, Mississippi.

Creates a special fund called the "2025 Rosenwald School - Marshall County Repair and Renovation Fund" within the State Treasury to receive bond proceeds and disburse them for the specified project.

Bonds may mature up to 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.

No bonds may be issued under this authority after July 1, 2029; any remaining fund balances after project completion shall be applied to pay bond debt service.

Bonds and income from them are exempt from Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions in the state.