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MS HB1878
Bill
Status
Failed
2/25/2026
Primary Sponsor
William Arnold
Click for details
AI Summary
- Authorizes Mississippi to issue up to $150,000 in state general obligation bonds to assist Alcorn County with constructing Fire Department Southwest Station No. 2 and a helipad
- Creates the "2026 Alcorn County - Fire Department Southwest Station No. 2 Fund" as a special fund within the State Treasury to hold and disburse bond proceeds
- Bonds may have a maximum maturity of 25 years and are backed by the full faith and credit of the State of Mississippi
- Bonds and income from them are exempt from all 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 the act taking effect July 1, 2026
Legislative Description
Bonds; authorize issuance to assist Alcorn County with construction of the Fire Department Southwest Station No. 2.
Last Action
Died In Committee
2/25/2026
Committee Referrals
Ways and Means2/12/2026
Full Bill Text
No bill text available