MS HB206

Authorizes issuance of up to $100,000,000 in general obligation bonds to provide funds for school district capital improvements in Mississippi

Creates the "2026 Public Schools Capital Improvements Fund" in the State Treasury to receive and distribute bond proceeds

Distributes funds to school districts using a two-part formula: 30% based on each district's share of total average daily attendance, and 70% based on each district's share of at-risk pupils

Bonds may mature up to 25 years from date of issue, are tax-exempt in Mississippi, and must be issued before July 1, 2030

Takes effect July 1, 2026