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MS SB3186

Bill

Status

Failed

2/25/2026

Primary Sponsor

Angela Turner-Ford

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Authorizes Mississippi to issue up to $1,000,000 in state general obligation bonds to help Clay County resurface Clisby Road in Supervisor District Two
  • Creates the "2026 Clay County Clisby Road Resurfacing Fund" as a special fund within the State Treasury, with unexpended amounts and interest earnings remaining in the fund rather than lapsing to the General Fund
  • 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 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

Legislative Description

Bonds; authorize issuance to assist Clay County in paying costs of resurfacing Clisby Road in Supervisor District 2.

Last Action

Died In Committee

2/25/2026

Committee Referrals

Finance2/20/2026

Full Bill Text

No bill text available