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MS HB470
Bill
Status
2/25/2026
Primary Sponsor
Rickey Thompson
Click for details
AI Summary
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Authorizes up to $1,000,000 in state general obligation bonds to assist the City of Verona, Mississippi, with site development costs for the Old Town Crossing Project located at the southeast corner of Mississippi Highway 6 and U.S. Highway 45
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Creates the "2026 City of Verona - Old Town Crossing Project 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 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 Mississippi 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 Verona with site development related to the Old Town Crossing Project.
Last Action
Died In Committee
2/25/2026