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Bill > HB1833
MS HB1833
MS HB1833Bonds; authorize issuance to assist the City of Itta Bena repair and renoavations of municipal facilities.
summary
Introduced
02/03/2026
02/03/2026
In Committee
02/03/2026
02/03/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act To Authorize The Issuance Of State General Obligation Bonds To Provide Funds To Assist The City Of Itta Bena, Mississippi, In Paying Costs Associated With The Repair And Renovation Of And Upgrades And Improvements To Municipal Buildings And Facilities, Including The Library, Police Department, Public Works Building And L.t. Brazil Center; And For Related Purposes.
AI Summary
This bill authorizes the State of Mississippi to issue up to $550,000 in general obligation bonds, which are backed by the full faith and credit of the state, to help the City of Itta Bena fund repairs, renovations, upgrades, and improvements to its municipal facilities, including the library, police department, public works building, and the L.T. Brazil Center. The State Bond Commission (the "commission") will manage the issuance and sale of these bonds, with proceeds deposited into a dedicated "2026 City of Itta Bena Facilities Improvement Project Fund." Any remaining funds after project completion will be used to pay off the bonds. The bonds will mature within 25 years of issuance and cannot be issued after July 1, 2030, with the act taking effect on July 1, 2026.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred To Ways and Means (on 02/03/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1833.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/1800-1899/HB1833IN.htm |
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