MS HB1783

Authorizes issuance of state general obligation bonds up to $2,031,126 to fund citywide street improvements in the Town of Sunflower, Mississippi

Creates the "2026 Town of Sunflower Street Improvements Fund" as a special fund within the State Treasury, with unexpended amounts and investment earnings remaining in the fund rather than lapsing to the General Fund

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

Bonds and income from them are exempt from all Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions

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