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Bill > HB1961
MS HB1961
MS HB1961Bonds; authorize issuance to assist Calhoun County with repair of County Road 235.
summary
Introduced
02/17/2026
02/17/2026
In Committee
02/17/2026
02/17/2026
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 Calhoun County, Mississippi, In Paying Costs Associated With The Repair Of County Road 235; And For Related Purposes.
AI Summary
This bill authorizes the State of Mississippi to issue up to $250,000 in state general obligation bonds, which are essentially loans backed by the state's full faith and credit, to help Calhoun County pay for repairs to County Road 235. The State Bond Commission, a group responsible for managing state debt, will oversee the issuance and sale of these bonds, with the proceeds going into a special fund dedicated to the road repairs. Any remaining funds after the repairs are completed will be used to pay back the bonds. The bonds must be issued by July 1, 2030, and the act will take effect on July 1, 2026.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred To Ways and Means (on 02/17/2026)
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/HB1961.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/1900-1999/HB1961IN.htm |
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