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MS HB583
Bill
Status
Failed
2/25/2026
Primary Sponsor
Perry Bailey
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AI Summary
- Authorizes issuance of up to $125,000 in State of Mississippi general obligation bonds to assist the Town of Bruce with its town square renovation project
- Funds will pay for replacement of a sprinkler system and lot improvements as part of the renovation
- Creates the "2026 Town of Bruce Town Square 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
- No bonds may be issued under this act after July 1, 2030, with the effective date of July 1, 2026
Legislative Description
Bonds; authorize issuance to assist Town of Bruce with town square renovation project.
Last Action
Died In Committee
2/25/2026
Committee Referrals
Ways and Means1/13/2026
Full Bill Text
No bill text available