MS HB1818

Authorizes issuance of up to $200,000 in state general obligation bonds to assist Jefferson County Nursing Home with repair, renovation, upgrades, and improvements to its buildings and facilities in Jefferson County, Mississippi

Creates the "2026 Jefferson County Nursing Home Improvements Fund" as a special fund within the State Treasury to receive and disburse bond proceeds

Bonds may have a maximum maturity of 25 years from date of issue and are backed by the full faith and credit of the State of Mississippi

Bond income and the bonds themselves are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies

No bonds may be issued under this act after July 1, 2030, with the act taking effect July 1, 2026