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MS HB829

Bill

Official Source

Status

Failed

2/25/2026

Primary Sponsor

Justin Keen

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Authorizes Mississippi to issue up to $140,000 in state general obligation bonds to assist the City of Olive Branch with its Sylvan Lake Outflow Weir Project
  • Creates the "2026 City of Olive Branch Sylvan Lake Outflow Weir 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
  • Bond income is exempt from all Mississippi state taxation and qualifies 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 Olive Branch with Sylvan Lake Outflow Weir Project.

Last Action

Died In Committee

2/25/2026

Committee Referrals

Ways and Means1/16/2026

Full Bill Text

No bill text available