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MS HB773
Bill
Status
Failed
2/25/2026
Primary Sponsor
Robert Sanders
Click for details
AI Summary
- Authorizes Mississippi to issue up to $1,200,000 in state general obligation bonds to fund repairs, upgrades, and improvements to land and infrastructure at Cleveland Municipal Airport in Bolivar County
- Creates the "2026 Cleveland Municipal Airport Improvements Fund" as a special fund within the State Treasury to hold bond proceeds, with unexpended amounts not lapsing at fiscal year end
- Bonds may mature up to 25 years from date of issue, with interest payable semiannually or annually, and are exempt from all Mississippi taxation
- The State Bond Commission will oversee bond issuance, determining sale method, pricing, and related terms
- 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 City of Cleveland with improvements to the Cleveland Municipal Airport.
Last Action
Died In Committee
2/25/2026
Committee Referrals
Ways and Means1/16/2026
Full Bill Text
No bill text available