MS HB1849

Authorizes issuance of state general obligation bonds not to exceed $5,000,000 to assist Coahoma County, Mississippi with railroad track and line upgrades and improvements between Lula and Swan Lake.

Bond proceeds are designated for specific improvements including removing and replacing crossties, switch ties, switch stands and ballasts, improving road crossings, and reinforcing railroad bridges.

Creates the "2025 Coahoma County Railroad Track Fund" as a special state treasury fund to receive and disburse bond proceeds for the authorized railroad improvements.

Authorizes the State Bond Commission to issue bonds with terms up to 25 years, interest rates not exceeding statutory limits, and provides that bonds are fully backed by the state's full faith and credit.

No bonds may be issued after July 1, 2029, and any remaining fund balances after project completion shall be applied toward bond debt service; the act takes effect July 1, 2025.