Bill > HB1783

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 provide up to $2,031,126 to the Town of Sunflower for citywide street improvements. The State Bond Commission, a body responsible for issuing state bonds, will manage the sale of these bonds and oversee the transfer of funds to a dedicated account called the "2026 Town of Sunflower Street Improvements Fund." This fund will be held separately within the State Treasury, and any interest earned on it will remain in the fund. The money from this fund will be disbursed to Sunflower for street improvement costs, and any remaining funds after project completion will be used to pay back the bonds. The bonds will mature within 25 years of their issuance and cannot be issued after July 1, 2030, with the entire act taking effect on July 1, 2026.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1783.xml