MS HB1762

Authorizes the State of Mississippi to issue up to $592,600 in general obligation bonds to fund road and infrastructure improvements in the Town of Leakesville

Allocates funds for specific road repairs including River Street, Jane Drive, Hardy Avenue, West Capital Avenue, Annex Road, Ferguson Avenue, and several other streets with individual funding caps ranging from $7,500 to $150,000

Designates $60,000 for stormwater and drainage system improvements, $34,000 for road repair equipment purchases, and $25,000 for repairs to the Old Chickasawhay Bridge

Creates the "2023 Town of Leakesville Infrastructure Improvements Fund" as a special fund within the State Treasury to hold and disburse bond proceeds

Bonds must be issued before July 1, 2027, may not exceed 25-year maturity terms, and are backed by the full faith and credit of the State of Mississippi with interest and income exempt from state taxation