MS HB768

Authorizes $75,000 in state general obligation bonds for the Town of Pace, Mississippi, to fund park improvements including site grading, playground equipment acquisition, basketball court improvements, and playground upgrades.

Authorizes an additional $75,000 in state general obligation bonds for the Town of Benoit, Mississippi, for identical park improvement purposes.

Creates two separate special funds within the State Treasury—the "2026 Town of Pace Parks Improvements Fund" and the "2026 Town of Benoit Improvements Fund"—to hold and disburse bond proceeds.

Bonds must be issued by July 1, 2030, may mature up to 25 years from issuance, and are backed by the full faith and credit of Mississippi as general obligations.

Bond proceeds and interest earned are exempt from state taxation, and unused funds after project completion must be applied to debt service on the bonds.