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MS HB776
Bill
Status
Failed
2/25/2026
Primary Sponsor
Robert Sanders
Click for details
AI Summary
- Authorizes issuance of up to $540,200 in state general obligation bonds to fund the Town of Benoit's 2025 road improvement project
- Creates the "2026 Town of Benoit Road Improvement Project Fund" as a special fund within the State Treasury to hold bond proceeds
- Bonds may mature up to 25 years from date of issue and are backed by the full faith and credit of Mississippi
- Bonds and income from them are exempt from all Mississippi state taxation
- 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 Town of Benoit with road improvement project.
Last Action
Died In Committee
2/25/2026
Committee Referrals
Ways and Means1/16/2026
Full Bill Text
No bill text available