MS HB1761

Authorizes issuance of state general obligation bonds not to exceed $3,000,000 to assist Panola County, Mississippi with construction of new facilities and repairs, renovations, upgrades and improvements at the Panola County Airport.

Creates a special fund designated "2024 Panola County Airport Fund" within the State Treasury to receive bond proceeds and disburse funds for airport project costs.

Bonds mature within 25 years, bear interest at rates not exceeding limits in Mississippi Code Section 75-17-101, and are backed by the full faith and credit of the State of Mississippi.

Authorizes the State Bond Commission to determine bond terms including denomination, interest rates, maturity dates, and sale method through sealed bids or negotiated sale.

Prohibits bond issuance after July 1, 2028, and directs any remaining fund balance after project completion to pay debt service on issued bonds.