Bill > HB768

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 fund park improvements in the Towns of Pace and Benoit. Specifically, the bill allows for up to $75,000 for Pace and up to $75,000 for Benoit to cover costs such as site grading, purchasing playground equipment, and improving basketball courts and playgrounds. The State Bond Commission, a body responsible for issuing state bonds, will manage the process, and the funds will be held in separate special accounts for each town. Any remaining funds after project completion will be used to pay back the bonds. The bill also outlines the procedures for issuing and selling these bonds, ensuring they are negotiable instruments and exempt from state taxes, and sets an expiration date of July 1, 2030, for issuing these bonds.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0768.xml