MS HB1670

Authorizes Humphreys County Board of Supervisors to issue bonds up to $1,400,000 to refund taxes erroneously collected, as ordered by the Mississippi Supreme Court in Willow Bend Estates, LLC and Woodyard Gardens, LLC v. Humphreys County Board of Supervisors

Bonds must mature within 15 years and carry an interest rate not exceeding 9% per annum, with interest paid at least annually

Bonds constitute general obligations of Humphreys County and may be sold at public or negotiated sale

Bond proceeds must be used for the tax refund, related legal obligations, and issuance costs, with any remaining balance applied to principal or interest payments

Bonds must be validated prior to delivery and signed by the Board of Supervisors president and attested by the board clerk