Bill > HB445

This bill authorizes the State of Mississippi to issue up to $650,000 in general obligation bonds to help Hinds County fund the construction of a new fire station building for the Byram Volunteer Fire Department, located at Midway Road and Owens Road in House District 66. The State Bond Commission, referred to as the "Commission," will manage the issuance and sale of these bonds, with the proceeds going into a dedicated fund called the "2026 Hinds County Byram Volunteer Fire Department Fire Station Fund." This fund will be used to cover the costs of building the fire station, and any remaining money after completion will be used to pay off the bonds. The bonds are general obligations of the state, meaning the full faith and credit of Mississippi is pledged for their repayment, and they must be issued by July 1, 2030. The bill also outlines the procedures for bond issuance, including their form, maturity, and sale, and specifies that these bonds will be legal investments and exempt from state taxation. The act will take effect on July 1, 2026.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0445.xml