Bill
Bill > HB1980
MS HB1980
MS HB1980Bonds; authorize issuance to assist Calhoun County with repairing County Roads 418 and 433.
summary
Introduced
02/17/2026
02/17/2026
In Committee
02/17/2026
02/17/2026
Crossed Over
Passed
Dead
02/25/2026
02/25/2026
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 Repairing And Resurfacing County Road 418 And Repairing And Resealing County Road 433; And For Related Purposes.
AI Summary
This bill authorizes the State of Mississippi to issue up to $1,100,000 in state general obligation bonds to help Calhoun County pay for repairs and resurfacing of County Road 418 and repairs and resealing of County Road 433. The State Bond Commission, referred to as the "Commission," will manage the issuance and sale of these bonds, which are backed by the full faith and credit of the state and must be repaid within 25 years of their issuance, with no bonds being issued after July 1, 2030. The proceeds will be placed in a dedicated fund, the "2026 Calhoun County - County Roads 418 and 433 Fund," and any remaining funds after project completion will be used to pay off the bonds. This act provides the complete authority for issuing these bonds and takes effect on July 1, 2026.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died In Committee (on 02/25/2026)
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/HB1980.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/1900-1999/HB1980IN.htm |
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