Bill > HB1828

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 $200,000 to the City of Itta Bena. These funds are specifically designated to help the city purchase five motor vehicles: two for its police department, two for its public works department, and one for city hall. The State Bond Commission, a body responsible for managing state debt, will oversee the issuance and sale of these bonds, with the proceeds deposited into a special fund called the "2026 City of Itta Bena Motor Vehicle Acquisition Project Fund." Any unspent money in this fund, along with any investment earnings, will be used to pay back the bonds. The bonds must be issued by July 1, 2030, and the act takes effect on July 1, 2026.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1828.xml