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MS SB3026

Bill

Status

Failed

2/25/2026

Primary Sponsor

Joseph Thomas

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Authorizes issuance of up to $500,000 in state general obligation bonds to help the Village of Cary, Mississippi construct a fire station
  • Creates the "2026 Village of Cary Fire Station Fund" as a special fund within the State Treasury to hold bond proceeds
  • Bonds must be issued before July 1, 2030, with a maximum maturity of 25 years from date of issue
  • Bonds are backed by the full faith and credit of Mississippi and are exempt from all state taxation
  • Any remaining funds after project completion or abandonment must be applied to pay debt service on the issued bonds

Legislative Description

Bonds; authorize to assist Village of Cary in paying costs of construction of fire station.

Last Action

Died In Committee

2/25/2026

Committee Referrals

Finance2/10/2026

Full Bill Text

No bill text available