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MS HB616
Bill
Status
Failed
2/25/2026
Primary Sponsor
Perry Bailey
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AI Summary
- Authorizes issuance of up to $250,000 in state general obligation bonds to assist the Town of Bruce, Mississippi, with water system line repairs
- Creates the "2026 Town of Bruce Water System Line Repairs Fund" as a special fund within the State Treasury to receive and disburse bond proceeds
- Bonds may have a maximum maturity of 25 years and are backed by the full faith and credit of the State of Mississippi
- Bond proceeds and income are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions
- No bonds may be issued under this act after July 1, 2030, with an effective date of July 1, 2026
Legislative Description
Bonds; authorize issuance to assist Town of Bruce with water system line repairs.
Last Action
Died In Committee
2/25/2026
Committee Referrals
Ways and Means1/13/2026
Full Bill Text
No bill text available