Bill > HB1791

This bill authorizes the State of Mississippi to issue up to $10 million in general obligation bonds, which are state-backed debts, to help DeSoto County fund improvements to Mississippi Highway 305. These improvements specifically include widening a section of the highway to five lanes between Belle Forest Drive and College Road, and potentially adding a turn lane at the intersection of Highway 305 and Cedar Creek Drive. The State Bond Commission, a body responsible for issuing state bonds, will manage the sale and proceeds of these bonds, with the funds being deposited into a dedicated "2026 DeSoto County Mississippi Highway 305 Fund." Any remaining money in this fund after the projects are completed will be used to pay off the bonds. The bill also outlines the procedures for issuing these bonds, including their maturity, interest rates, and legal standing, and specifies that the bonds will be a full faith and credit obligation of the state, meaning the state guarantees their repayment. This act will become effective on July 1, 2026, and no bonds can be issued under this authority after July 1, 2030.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1791.xml