MS HB1941

Authorizes issuance of up to $1,000,000 in state general obligation bonds to fund the Mississippi Outdoor Stewardship Trust Fund, with bonds to be issued before July 1, 2030 and maturing within 25 years

Increases the administrative expense cap for the Board of Trustees and Department of Finance and Administration from 2% to 3% of trust fund monies

Bond proceeds will be deposited into the Mississippi Outdoor Stewardship Trust Fund, which provides grants to counties, municipalities, state agencies, and nongovernmental entities for parks, trails, habitat restoration, and land acquisition

Bonds are exempt from state taxation and backed by the full faith and credit of Mississippi, with the State Bond Commission authorized to determine sale methods, pricing, and terms

Takes effect July 1, 2026