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Bill > HB2000
MS HB2000
MS HB2000Bonds; authorize issuance to assist City of Petal with wastewater infrastructure improvements.
summary
Introduced
02/18/2026
02/18/2026
In Committee
02/18/2026
02/18/2026
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 The City Of Petal, Mississippi, In Paying Costs Associated With Construction And Development Of Additions And Improvements To And Expansion Of The City's Wastewater Infrastructure Necessary For The Purpose Of Transporting Wastewater To The City Of Hattiesburg, Mississippi, Sewer Lagoon; And For Related Purposes.
AI Summary
This bill authorizes the State of Mississippi to issue up to $1.2 million in state general obligation bonds to help the City of Petal fund improvements to its wastewater infrastructure, specifically for transporting wastewater to the City of Hattiesburg's sewer lagoon. 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 will mature within 25 years. The proceeds will be placed in a dedicated fund, the "2026 City of Petal Wastewater Infrastructure Fund," and disbursed to cover project costs, with any remaining funds used to pay off the bonds. The bonds will be exempt from state taxes and can be issued until July 1, 2030, with the act taking 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/HB2000.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/2000-2099/HB2000IN.htm |
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