MS HB520

Allows municipalities to use state infrastructure funds as a pledge to pay debt service on bonds issued for road, bridge, water, and sewer improvements, in addition to direct project costs

Allows counties to use state infrastructure funds as a pledge to pay debt service on bonds issued for road, street, and bridge improvements

Municipal fund allocation formula: $3,000,000 distributed equally among all municipalities, with remaining funds split 50% by population and 50% by sales tax revenue distribution

County fund allocation formula: one-third distributed equally among all counties, one-third based on rural road miles, and one-third based on rural population

Distributions made semiannually in January and July, with eligibility tied to maintaining base expenditure levels (municipalities) or matching state funds with county expenditures (counties)