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MS HB1961
Bill
Status
Failed
2/25/2026
Primary Sponsor
Perry Bailey
Click for details
AI Summary
- Authorizes issuance of up to $250,000 in State of Mississippi general obligation bonds to assist Calhoun County with repairing County Road 235
- Creates the "2026 Calhoun County - County Road 235 Repair Fund" as a special fund within the State Treasury to receive 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 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 the act taking effect July 1, 2026
Legislative Description
Bonds; authorize issuance to assist Calhoun County with repair of County Road 235.
Last Action
Died In Committee
2/25/2026
Committee Referrals
Ways and Means2/17/2026
Full Bill Text
No bill text available