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MS HB1965
Bill
Status
Failed
2/25/2026
Primary Sponsor
Perry Bailey
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AI Summary
- Authorizes up to $25,000 in state general obligation bonds to help the Town of Derma, Mississippi purchase a new truck bed and related equipment for the town fire department truck
- Creates the "2026 Town of Derma Fire Department Fund" as a special fund within the State Treasury to hold and disburse bond proceeds
- 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
- Bond income is exempt from all Mississippi state taxation and bonds 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 the Town of Derma with purchasing a new truck bed for town fire department truck.
Last Action
Died In Committee
2/25/2026
Committee Referrals
Ways and Means2/17/2026
Full Bill Text
No bill text available