Bill > HB471

This bill authorizes the State of Mississippi to issue up to $150,000 in general obligation bonds, which are backed by the state's full faith and credit, to help the Mississippi Minority Farmers Alliance pay for repairs to its building and parking lot in Monroe County. The funds will be placed in a special fund called the "2026 Mississippi Minority Farmers Alliance Building Repair Fund," and any remaining money after the repairs are completed will be used to pay off the bonds. The State Bond Commission, referred to as the "Commission," will manage the issuance and sale of these bonds, which must be issued before July 1, 2030, and will mature within 25 years. The bill also outlines the procedures for bond issuance, including their form, sale, and legal standing, and specifies that the bonds and their income will be exempt from Mississippi taxes.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0471.xml