Bonds; authorize issuance for construction of a new elementary school for the Okolona Municipal Separate School District.

HB 364 authorizes Mississippi to issue state bonds to fund construction of a new elementary school, playground, and related facilities for the Okolona Municipal Separate School District. The bonds would be backed by Mississippi's full credit, with proceeds used exclusively for this school project. The bill provides the legal framework for issuing and selling the bonds but does not create new policy or alter existing school operations.