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Bill > HB285
MS HB285
MS HB285Bonds; authorize issuance to assist City of Pearl with installation of traffic signal at intersection of MS Highway 468 and Murray Drive.
summary
Introduced
01/07/2026
01/07/2026
In Committee
01/07/2026
01/07/2026
Crossed Over
Passed
Dead
02/25/2026
02/25/2026
Introduced Session
2026 Regular Session
Bill Summary
An Act To Authorize The Issuance Of State General Obligation Bonds To Provide Funds To Assist The City Of Pearl, Mississippi, In Paying Costs Associated With Construction And Installation Of A Traffic Signal At The Intersection Of Mississippi Highway 468 And Murray Drive In The City Of Pearl; And For Related Purposes.
AI Summary
This bill authorizes the State of Mississippi to issue up to $600,000 in general obligation bonds, which are state debts backed by the full faith and credit of the state, to help the City of Pearl fund the installation of a traffic signal at the intersection of Mississippi Highway 468 and Murray Drive. The funds will be managed through a dedicated special fund within the State Treasury, and any remaining money after the project is completed will be used to pay off the bonds. The State Bond Commission, referred to as the "Commission," will oversee the issuance and sale of these bonds, which must be issued by July 1, 2030, and the act will take effect on July 1, 2026.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died In Committee (on 02/25/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0285.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/0200-0299/HB0285IN.htm |
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