Bonds; authorize issuance to provide funds for public school improvements.

HB 206 authorizes Mississippi to issue state general obligation bonds to fund capital improvements for public school districts across the state. The bill directs that bond proceeds must be used solely for physical school infrastructure projects like building repairs, renovations, or new facilities - not for daily operations. The state pledges its full credit to repay the bonds, with any shortfall covered by state treasury funds if needed. School districts will receive these funds directly to address their capital needs through the State Bond Commission's bond issuance process.