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MS HB780
Bill
Status
Failed
2/25/2026
Primary Sponsor
Robert Sanders
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AI Summary
- Authorizes issuance of up to $1,000,000 in State of Mississippi general obligation bonds to fund the extension of Airport Terminal Road at Cleveland Municipal Airport
- Creates the "2026 Cleveland Airport Terminal Road Extension Fund" as a special fund within the State Treasury to hold and disburse bond proceeds
- Bonds may mature up to 25 years from date of issue and are backed by the full faith and credit of the State of Mississippi
- Bonds and income from them are exempt from all Mississippi 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 the act taking effect July 1, 2026
Legislative Description
Bonds; authorize issuance to assist City of Cleveland in paying costs of extending Airport Terminal Road.
Last Action
Died In Committee
2/25/2026
Committee Referrals
Ways and Means1/16/2026
Full Bill Text
No bill text available