Bill > HB1352

This bill authorizes the State of Mississippi to issue up to $1,000,000 in general obligation bonds, which are backed by the state's full faith and credit, to help the Town of Byhalia fund repairs, renovations, upgrades, and improvements to the Byhalia Old School Commons. The proceeds from these bonds will be placed in a dedicated fund, the "2026 Town of Byhalia Old School Commons Fund," and disbursed by the Department of Finance and Administration to cover project costs. Any remaining funds after project completion will be used to pay off the debt on the bonds. The State Bond Commission will oversee the issuance and sale of these bonds, which must be issued by July 1, 2030, and the bill outlines various procedures for their sale, redemption, and legal standing, including that they will be legal investments and exempt from state taxation. This legislation takes effect on July 1, 2026.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1352.xml