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MS HB470
MS HB470Bonds; authorize issuance to assist City of Verona with site development related to the Old Town Crossing Project.
summary
Introduced
01/12/2026
01/12/2026
In Committee
01/12/2026
01/12/2026
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 Verona, Mississippi, In Paying Costs Associated With Site Development Work Related To The Old Town Crossing Project At Or Near The Southeast Corner Of Mississippi Highway 6 And U.s. Highway 45 In The City Of Verona; And For Related Purposes.
AI Summary
This bill authorizes the State of Mississippi to issue up to $1,000,000 in state general obligation bonds to help the City of Verona fund site development for the Old Town Crossing Project, located near the intersection of Mississippi Highway 6 and U.S. Highway 45. The funds will be deposited into a special state treasury fund designated for this project, and any remaining money after project completion will be used to pay off the bonds. The State Bond Commission, which is responsible for issuing and selling these bonds, will manage the process, and the bonds will be backed by the full faith and credit of the state. This act provides the full authority for issuing these bonds and will take effect on July 1, 2026, with no bonds to be issued after July 1, 2030.
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/HB0470.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/0400-0499/HB0470IN.htm |
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