Bill > HB1838

This bill authorizes the State of Mississippi to issue up to $300,000 in state general obligation bonds, which are essentially loans backed by the state's full faith and credit, to help the City of Jackson fund improvements to three specific parks: Jayne Avenue Park, Livingston Park, and VA Legion Sports Complex. The State Bond Commission, a body responsible for issuing state bonds, will manage the sale of these bonds and ensure the proceeds are deposited into a dedicated fund called the "2026 City of Jackson Parks Fund." This fund will then disburse money to the City of Jackson for park upgrades, and any remaining funds after project completion will be used to pay back the bonds. The bonds will mature within 25 years of their issuance and cannot be issued after July 1, 2030, with the act taking effect on July 1, 2026.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1838.xml