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MS HB120
Bill
Status
2/25/2026
Primary Sponsor
Robert Johnson
Click for details
AI Summary
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Authorizes issuance of up to $2,245,000 in state general obligation bonds to fund the City of Natchez's Concord Avenue drainage improvement project
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Creates the "2026 City of Natchez Concord Avenue Drainage Improvement Project Fund" within the State Treasury to hold bond proceeds, with funds remaining separate from the General Fund
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Bonds may have a maximum maturity of 25 years and are backed by the full faith and credit of the State of Mississippi
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Bonds and income from them are exempt from all Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions
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No bonds may be issued under this act after July 1, 2030, with the act taking effect July 1, 2026
Legislative Description
Bonds; authorize issuance to assist City of Natchez with Concord Avenue drainage improvement project.
Last Action
Died In Committee
2/25/2026