Bill > HB1829

This bill authorizes the State of Mississippi to issue general obligation bonds, essentially borrowing money, to help the City of Itta Bena pay for the installation of security cameras and signage throughout the city. The State Bond Commission, a group responsible for issuing state bonds, will manage the process, including determining the bond details, selling them, and ensuring the funds are used for the specified purpose. A dedicated fund, the "2026 City of Itta Bena Security Cameras and Signage Fund," will be created within the State Treasury to hold the proceeds from the bond sales, and any remaining money after the projects are completed will be used to pay off the debt incurred from the bonds. The total amount of bonds that can be issued under this act is capped at $50,000, and no bonds can be issued after July 1, 2030. The bill also specifies that these bonds are backed by the full faith and credit of the State of Mississippi and are exempt from state taxes.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1829.xml