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MS HB779
Bill
Status
Failed
2/25/2026
Primary Sponsor
Robert Sanders
Click for details
AI Summary
- Authorizes Mississippi to issue state general obligation bonds up to $182,100 to assist the City of Cleveland in purchasing four motor vehicles for its police department
- Creates the "2026 City of Cleveland Police Department Motor Vehicles 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, with interest payable semiannually or annually, and are exempt from all Mississippi state taxation
- The State Bond Commission will oversee bond issuance, sale, and administration, with authority to sell bonds through public sealed bids or negotiated sale
- No bonds may be issued under this act after July 1, 2030, and the act takes effect July 1, 2026
Legislative Description
Bonds; authorize issuance to assist City of Cleveland with purchasing motor vehicles for the city's police department.
Last Action
Died In Committee
2/25/2026
Committee Referrals
Ways and Means1/16/2026
Full Bill Text
No bill text available