MS HB259

Authorizes the State of Mississippi to issue up to $3,000,000 in general obligation bonds to fund repair and renovation of campus buildings and facilities at Mississippi Valley State University

Creates the "2026 Mississippi Valley State University Repair and Renovation Fund" as a special fund within the State Treasury to receive and disburse bond proceeds

Bonds may mature up to 25 years from date of issue and are backed by the full faith and credit of the State of Mississippi

Bond income and the bonds themselves are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions

No bonds may be issued under this act after July 1, 2030