Mississippi HB1008 authorizes the issuance of state bonds to fund repairs and upgrades to park areas in Gulfport.
Mississippi HB1008 allows the issuance of state general obligation bonds up to $500,000 to assist the City of Gulfport in making repairs, renovations, upgrades, and improvements to park areas at four specific facilities. The proceeds will be deposited into the "2026 City of Gulfport Park Areas Improvement Fund" and disbursed to cover project costs. The bonds will mature no later than July 1, 2030, and will be exempt from state taxation. The bill creates a special fund within the State Treasury to manage the bond proceeds.
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