Establishes a credit enhancement program to guarantee Mississippi school district bonds, aiming to lower borrowing costs.
The bill establishes a credit enhancement program to guarantee Mississippi school district bonds, aiming to lower borrowing costs. The state pledges its full faith, credit, and taxing power to guarantee timely payment of principal and interest on bonds. The State Treasurer can issue certificates of eligibility for districts to benefit from the state's guaranty. The State Bond Commission can adopt rules for the program's implementation. The Legislature must appropriate funds to support the program.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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