Bill > HB726

This bill authorizes the State of Mississippi to issue up to $1,000,000 in general obligation bonds, which are essentially loans backed by the state's full faith and credit, to help the City of Jackson address dilapidated and blighted properties. These funds will be managed in a special account called the "2026 City of Jackson Dilapidated and Blighted Properties Improvements Fund" and can be used for acquiring, removing, or demolishing properties that are either near certain state grounds or within or close to the Farish Street Historic District. The State Bond Commission, a group responsible for issuing state bonds, will oversee the sale of these bonds and ensure the proceeds are used for these specific purposes. Any remaining funds after the projects are completed will be used to pay off the debt incurred from the bonds. The bill also specifies that no bonds can be issued under this act after July 1, 2030, and it will take effect on July 1, 2026.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0726.xml