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Bill > HB583
MS HB583
MS HB583Bonds; authorize issuance to assist Town of Bruce with town square renovation project.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act To Authorize The Issuance Of State General Obligation Bonds To Provide Funds To Assist The Town Of Bruce, Mississippi, In Paying Costs Associated With Replacement Of A Sprinkler System And Making Lot Improvements As Part Of Its Town Square Renovation Project; And For Related Purposes.
AI Summary
This bill authorizes the State of Mississippi to issue up to $125,000 in general obligation bonds, which are essentially loans backed by the state's full faith and credit, to help the Town of Bruce fund its town square renovation project. Specifically, the funds will be used to replace a sprinkler system and make lot improvements. The State Bond Commission, a group responsible for issuing state bonds, will manage the sale of these bonds and oversee the transfer of proceeds to a dedicated fund called the "2026 Town of Bruce Town Square Fund." This fund will hold the money for the project, and any remaining funds after the project's completion will be used to pay off the bonds. The bonds must be issued by July 1, 2030, and the act will take effect on July 1, 2026.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred To Ways and Means (on 01/13/2026)
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/HB0583.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/0500-0599/HB0583IN.htm |
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