Senate Bill 2507 Summary

• Prohibits the Mississippi Transportation Commission from charging interest or other fees on repayments to public or private entities that advance funds for highway construction projects.

• Specifies that total repayment amounts cannot exceed the total funds originally advanced to the commission.

• Preserves the validity of existing agreements authorized before the bill's effective date and allows the commission to continue servicing, refinancing, or restructuring any indebtedness from those prior agreements.

• Adds authority for the Transportation Commission to contract with counties to perform maintenance on state highways, interstate highways, and associated rights-of-way.