MS HB1824

Authorizes up to $1,500,000 in state general obligation bonds to help the City of Itta Bena, Mississippi, pay for utility system and metering upgrades and improvements

Creates the "2026 City of Itta Bena Utility System Improvements Fund" as a special fund within the State Treasury to hold and disburse bond proceeds

Bonds may have a maximum maturity of 25 years from the date of issue, with interest payable semiannually or annually

Bonds and their income are exempt from all Mississippi state taxation and constitute legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies

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