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MS HB1988
Bill
Status
2/25/2026
Primary Sponsor
Perry Bailey
Click for details
AI Summary
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Authorizes up to $450,000 in state general obligation bonds to help the Calhoun County School District construct, furnish, and equip a new fieldhouse at Vardaman High School
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Creates the "2026 Vardaman High School Fieldhouse Fund" as a special fund within the State Treasury to hold and disburse bond proceeds
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Bonds may mature up to 25 years from issuance and are exempt from all Mississippi state taxation
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The State Bond Commission will oversee bond issuance, with authority to sell bonds through public sealed bids or negotiated sales
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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 School District with constructing a new fieldhouse at Vardaman High School.
Last Action
Died In Committee
2/25/2026