MS HB302

Authorizes issuance of up to $4,000,000 in state general obligation bonds to fund road improvement projects in Noxubee County, with bonds maturing within 25 years of issue

Allocates $1,000,000 each to four specific road projects: Gillespie Road (District 1), Macon-Lynn Creek Road East (District 3), Dorroh Hill Road (District 4), and Macon-Lynn Creek Road West (District 5)

Creates the "2026 Noxubee County Road Improvement Project Fund" within the State Treasury to hold bond proceeds, with unexpended funds not lapsing to the General Fund

Bonds are tax-exempt in Mississippi and backed by the full faith and credit of the state, with the State Bond Commission overseeing issuance and sale

No bonds may be issued under this act after July 1, 2030, with the act taking effect July 1, 2026