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MS HB502
Bill
Status
Failed
2/25/2026
Primary Sponsor
Sam Mims
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AI Summary
- Authorizes issuance of up to $4,000,000 in state general obligation bonds to assist Pike County, Mississippi with the U.S. Highway 51 Bridge Project in the Pike County Industrial Park
- Creates the "2026 Pike County U.S. Highway 51 Bridge Project Fund" as a special fund within the State Treasury to receive and disburse bond proceeds
- 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
- Bond income is exempt from all state taxation and bonds qualify as legal investments for trustees, fiduciaries, and financial institutions
- 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 Pike County with a bridge project.
Last Action
Died In Committee
2/25/2026
Committee Referrals
Ways and Means1/12/2026
Full Bill Text
No bill text available