Bill > SB3122

This bill authorizes the State of Mississippi to issue up to $1,000,000 in state general obligation bonds, which are essentially loans backed by the state's full faith and credit, to help Clay County repair and renovate its county courthouse. The funds will be deposited into a special fund called the "2026 Clay County Courthouse Repair Fund," and the Department of Finance and Administration will disburse these monies to the county for the repair and renovation costs. Any remaining funds after the projects are completed will be used to pay back the debt on 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. The bill also outlines the procedures for issuing and validating these bonds, ensuring they are negotiable instruments and exempt from state taxes, and designates them as safe investments for various financial institutions.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB3122.xml