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Bill > SB3022
MS SB3022
MS SB3022Bonds; authorize issuance to assist Yazoo County in paying costs of drainage project.
summary
Introduced
02/10/2026
02/10/2026
In Committee
02/10/2026
02/10/2026
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 Board Of Supervisors Of Yazoo County, Mississippi, In Paying The Costs Associated With A Drainage Project; And For Related Purposes.
AI Summary
This bill authorizes the State of Mississippi to issue up to $500,000 in general obligation bonds, which are essentially loans backed by the state's full faith and credit, to help Yazoo County pay for a drainage project. The funds will be placed in a special account called the "2026 Yazoo County Drainage Project Fund," and any remaining money after the project is completed will be used to pay back the bonds. The State Bond Commission, a group responsible for issuing state bonds, will manage the sale of these bonds, which must be issued before July 1, 2030, and will mature within 25 years. The bill also outlines the procedures for issuing, selling, and validating these bonds, and states that they will be exempt from state taxes and considered safe investments.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred To Finance (on 02/10/2026)
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/SB/SB3022.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/SB/3000-3099/SB3022IN.htm |
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