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MS HB465

Bill

Official Source

Status

Failed

2/25/2026

Primary Sponsor

Rickey Thompson

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Authorizes Mississippi to issue up to $500,000 in state general obligation bonds to assist the Old Union Water Association in Lee County with water system improvements
  • Creates the "2026 Old Union Water Association Improvements Fund" as a special fund within the State Treasury to hold bond proceeds
  • Funds may be used for construction, repair, replacement, upgrades, improvements, and additions to the association's water system and related infrastructure
  • Bonds may mature up to 25 years from date of issue and are exempt from all Mississippi state taxation
  • No bonds may be issued under this act after July 1, 2030

Legislative Description

Bonds; authorize issuance to assist the Old Union Water Association with system improvements.

Last Action

Died In Committee

2/25/2026

Committee Referrals

Ways and Means1/12/2026

Full Bill Text

No bill text available