Credit Enhancement Program; establish to improve credit worthiness of schools.

HB 1214 establishes a state credit enhancement program to guarantee Mississippi school districts' general obligation bonds, lowering their borrowing costs by leveraging state credit. It directly affects school districts issuing bonds after January 1, 2027, requiring them to obtain a state certificate for guaranteed bonds. Key provisions include the state covering principal and interest payments if tax collectors fail to transfer funds (with districts later repaying the state plus interest), while districts retain full debt responsibility. The bill died in committee in February 2026 and does not create state debt.