MS HB1876

Authorizes issuance of state general obligation bonds up to $20,000,000 to assist the City of Gulfport, Mississippi with costs of completing the Dedeaux Road widening project.

Creates a special fund called the "2024 City of Gulfport Dedeaux Road Fund" within the State Treasury to receive bond proceeds and disburse funds for the project.

Grants the State Bond Commission authority to determine bond terms including interest rates (not to exceed limits in Section 75-17-101), maturity (not exceeding 25 years), and sale method.

Pledges the full faith and credit of the State of Mississippi to pay principal and interest on the bonds, with any shortfall paid by the State Treasurer from general funds.

Bonds are exempt from state taxation and may not be issued after July 1, 2028; act takes effect July 1, 2024.