Bill > HB1840

This bill authorizes the State of Mississippi to issue up to $250,000 in general obligation bonds, which are state-backed debts, to help Hinds County fund improvements to the Jackson Police Department Training Academy. The State Bond Commission, a body responsible for issuing state bonds, will manage the sale of these bonds and transfer the proceeds to a dedicated fund called the "2026 Hinds County Jackson Police Department Training Academy Fund." This fund will be used to pay for the upgrades, and any remaining money after the projects are completed will be applied to pay off the bonds. The bonds will be a direct obligation of the state, meaning the full faith and credit of Mississippi is pledged for their repayment, and they must be issued by July 1, 2030. The bill also outlines the procedures for issuing and selling these bonds, including provisions for their negotiability, tax exemption within Mississippi, and legal investment status for certain entities.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1840.xml