Bill > HB446

This bill authorizes the State of Mississippi to issue up to $600,000 in state general obligation bonds to help the City of Byram fund its Barrington Drive Pipe Rehabilitation Project in the Barrington Subdivision. The State Bond Commission, which is the entity responsible for issuing these bonds, will manage the process, including determining the bond's terms, selling them, and ensuring the proceeds are deposited into a dedicated fund. This special fund, called the "2026 City of Byram Barrington Drive Pipe Rehabilitation Fund," will be used to pay for the project's costs, and any remaining money after the project is completed 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 are exempt from state taxes. The bill also specifies that no bonds can be issued under this act after July 1, 2030, and the act itself will take effect on July 1, 2026.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0446.xml