MS HB1353

Authorizes issuance of up to $1,000,000 in state general obligation bonds to assist the Town of Byhalia, Mississippi, with infrastructure improvements

Funds may be used for purchasing, improving, updating, replacing, and repairing sewer and water pumps and systems, public roads, and other infrastructure

Creates the "2026 Town of Byhalia Infrastructure Improvements Fund" as a special fund within the State Treasury, with unexpended amounts not lapsing at fiscal year end

Bonds may mature up to 25 years from date of issue and are backed by the full faith and credit of the State of Mississippi

No bonds may be issued under this act after July 1, 2030, with an effective date of July 1, 2026