Bill > HB141

This bill authorizes the State of Mississippi to issue general obligation bonds, which are essentially loans backed by the state's full faith and credit, to provide financial assistance to the City of Greenville for significant infrastructure improvements. Specifically, the bill allocates funds to upgrade transportation infrastructure in the Greenville Downtown Corridor, including Washington Avenue, Poplar Street, and Walnut Street, and to rehabilitate the city's sanitary sewer system to meet consent decree requirements, as well as to improve the water system's distribution, production, metering, billing, and fire protection capabilities. The State Bond Commission, referred to as the "Commission," will manage the issuance and sale of these bonds, with a total amount not exceeding $150,810,510.00, and no bonds to be issued after July 1, 2030. The proceeds will be deposited into a dedicated fund called the "2026 City of Greenville Infrastructure Projects Fund," and any remaining funds after project completion will be used to pay off the bonds. The bill also outlines the procedures for bond issuance, including their characteristics, legal standing, and tax-exempt status, and specifies that this act provides complete authority for these bond issuances without repealing existing bond laws.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0141.xml