MS HB471

Authorizes issuance of up to $150,000 in state general obligation bonds to assist the Mississippi Minority Farmers Alliance with repair costs for its building and parking lot in Monroe County, Mississippi

Creates the "2026 Mississippi Minority Farmers Alliance Building Repair Fund" as a special fund within the State Treasury to hold bond proceeds

Bonds may have a maximum maturity of 25 years from date of issue and are backed by the full faith and credit of the State of Mississippi

Bond proceeds and income from the bonds are exempt from all state taxation in Mississippi

No bonds may be issued under this act after July 1, 2030, with an effective date of July 1, 2026