Bill
Bill > HB473
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 Okolona, Mississippi, In Paying Costs Associated With Construction, Engineering And Related Costs For Overlaying Park Lane, Adams Avenue, Murphy Street, Chenault Street, Hawkins Street, Forest Drive, Lee Circle, Dawson Street, Okolona Terrace, Gatlin Street And Hillcrest Street In The City Of Okolona; And For Related Purposes.
AI Summary
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 help the City of Okolona fund street overlay projects on specific streets like Park Lane and Adams Avenue. The State Bond Commission, a group responsible for issuing state debt, will manage the sale of these bonds, which cannot exceed $1,486,100 and must be issued before July 1, 2030. The proceeds will go into a dedicated fund called the "2026 City of Okolona Street Overlay Fund," and any remaining money after the projects are completed will be used to pay off the bonds. The bill also outlines various administrative details regarding the bond issuance, such as how they will be signed, registered, and handled by state officials, and specifies that the act will become effective on July 1, 2026.
Committee Categories
Budget and Finance
Sponsors (2)
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/HB0473.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/0400-0499/HB0473IN.htm |
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