Bill > HB1007

This bill authorizes the State of Mississippi to issue up to $550,000 in state general obligation bonds, which are essentially loans backed by the state's full faith and credit, to help the City of Gulfport pay for the removal of blighted properties in the western part of the city. The funds will be managed in a special account called the "2026 City of Gulfport Blighted Properties Fund," and any remaining money after the projects are completed will be used to pay off the bonds. The State Bond Commission, a group responsible for issuing state bonds, will oversee the sale and management of these bonds, which must be issued by July 1, 2030, and will mature within 25 years. The bill also specifies that these bonds are exempt from state taxes and can be used by various financial institutions for investment purposes.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1007.xml