Bill > HB614

This bill authorizes the State of Mississippi to issue general obligation bonds, essentially borrowing money, up to a total of $350,000 to help Calhoun County purchase garbage cans. The State Bond Commission (the "Commission") will manage the issuance and sale of these bonds, with the funds going into a special account called the "2026 Calhoun County Garbage Can Fund." This fund will be used to pay for the garbage cans, and any remaining money after the purchase will be used to pay back the borrowed money (debt service) on the bonds. The bonds will be backed by the full faith and credit of the state, meaning the state guarantees their repayment, and they cannot be issued after July 1, 2030. The act also specifies that these bonds will be exempt from state taxes and can be legally invested in by various financial institutions.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0614.xml