MS SB3180

Authorizes issuance of state general obligation bonds up to $500,000 to assist the Town of Brooksville, Mississippi, with costs of paving town streets and other infrastructure projects.

Creates the "2025 Town of Brooksville Paving and Infrastructure Fund" within the State Treasury to receive and disburse bond proceeds for the authorized projects.

Bonds may mature up to 25 years from date of issue with interest rates not exceeding limits set in Mississippi Code Section 75-17-101, and all bonds are backed by the full faith and credit of the State of Mississippi.

Bond proceeds must be used solely for the designated projects; any remaining funds after project completion shall be applied to pay debt service on the bonds.

No bonds may be issued under this authorization after July 1, 2029, and the act takes effect upon passage.