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MS HB285
Bill
Status
2/25/2026
Primary Sponsor
Gene Newman
Click for details
AI Summary
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Authorizes issuance of up to $600,000 in state general obligation bonds to fund construction and installation of a traffic signal at the intersection of Mississippi Highway 468 and Murray Drive in Pearl, Mississippi
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Creates the "2026 City of Pearl-Mississippi Highway 468/Murray Drive Traffic Signal Fund" as a special fund within the State Treasury to receive and disburse bond proceeds
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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
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Bonds and income from them are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions
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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 City of Pearl with installation of traffic signal at intersection of MS Highway 468 and Murray Drive.
Last Action
Died In Committee
2/25/2026