Bill > HB295

This bill authorizes the State of Mississippi to issue up to $4,000,000 in general obligation bonds to help the City of Jackson fund repairs, renovations, and improvements to various senior centers, community centers, and gymnasiums, including specific locations like the Smith Robertson Center and Champion Gymnasium. The State Bond Commission, referred to as the "Commission," will oversee the issuance and sale of these bonds, which are backed by the full faith and credit of the state and must be repaid within 25 years. The proceeds will be placed in a dedicated fund, the "2026 City of Jackson Senior Centers, Community Centers and Gymnasiums Fund," and disbursed to the city for the specified projects. Any remaining funds after project completion will be used to pay off the bonds. The bill also outlines the legal and financial procedures for issuing these bonds, ensuring they are negotiable instruments and exempt from state taxation, and specifies that this act takes effect on July 1, 2026, with no bonds to be issued after July 1, 2030.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0295.xml