Bill > HB1877

This bill authorizes the issuance of state general obligation bonds, which are essentially loans backed by the full faith and credit of the state, to help the Mississippi Military Department purchase land near Camp Shelby in Forrest and Perry Counties. The purpose of this land acquisition is to expand training areas and create buffer zones for Camp Shelby, a military installation. The bill specifies that up to $650,000 in bonds can be issued, with the authority to do so expiring on July 1, 2030. The funds will be managed through a dedicated "2026 Mississippi Military Department Camp Shelby Fund" within the State Treasury, and any interest earned on these funds will remain in the account. The State Bond Commission, a body responsible for issuing state debt, will oversee the sale and management of these bonds, with the proceeds being used for the land purchase and associated costs. The bill also outlines the legal and financial procedures for issuing and managing these bonds, ensuring they are negotiable instruments and exempt from state taxes, and that their proceeds are used solely for the stated purpose.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1877.xml