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MS HB1982
Bill
Status
Failed
2/25/2026
Primary Sponsor
Perry Bailey
Click for details
AI Summary
- Authorizes up to $500,000 in Mississippi state general obligation bonds to help the Town of Vardaman acquire a fire truck
- Creates the "2026 Town of Vardaman Fire Truck Acquisition Fund" as a special fund within the State Treasury to hold 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
- No bonds may be issued under this act after July 1, 2030, with an effective date of July 1, 2026
Legislative Description
Bonds; authorize issuance to assist Town of Vardaman acquisition of a fire truck.
Last Action
Died In Committee
2/25/2026
Committee Referrals
Ways and Means2/17/2026
Full Bill Text
No bill text available