MS HB958

Authorizes issuance of up to $550,000 in Mississippi state general obligation bonds to fund the Petal Area Chamber of Commerce's purchase, renovation, and equipping of a building at 226 E. Central Avenue in Petal, Mississippi

Funds flow from the State Bond Commission to the City of Petal, which then provides the money to the Petal Area Chamber of Commerce

Creates a special fund called the "2026 City of Petal - The Petal Area Chamber of Commerce Building Fund" within the State Treasury to hold bond proceeds

Bonds may mature up to 25 years from issuance, are tax-exempt in Mississippi, and are backed by the full faith and credit of the state

No bonds may be issued under this act after July 1, 2030, with an effective date of July 1, 2026