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Bill > HB1981
MS HB1981
MS HB1981Bonds; authorize issuance to assist Calhoun County with County Road 306 project.
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 The County's County Road 306 Mill, Overlay And Striping Project; And For Related Purposes.
AI Summary
This bill authorizes the State of Mississippi to issue up to $1,350,000 in general obligation bonds, which are essentially loans backed by the state's full faith and credit, to help Calhoun County fund its County Road 306 project, specifically for milling, overlaying, and striping the road. The funds will be placed in a dedicated "2026 Calhoun County - County Road 306 Fund" and managed by the State Treasurer, with any remaining money after the project's completion to be used for paying off the bonds. The State Bond Commission, a group responsible for issuing state bonds, will oversee the sale of these bonds, which must be issued by July 1, 2030, and the bill outlines the procedures for their issuance, sale, and validation, ensuring they are negotiable instruments and exempt from state taxes.
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/HB1981.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/1900-1999/HB1981IN.htm |
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