Mississippi HB115 authorizes the issuance of state bonds to fund stormwater infrastructure projects in Natchez.
Mississippi HB115 authorizes the issuance of state general obligation bonds to fund stormwater infrastructure projects in Natchez. The bonds will be used to assist the city in paying costs for the Roselawn Subdivision, West Stiers Lane, and Concord Avenue projects. The total bond issuance is capped at $5,450,000, with specific allocations for each project. The proceeds will be deposited into the "2026 City of Natchez Stormwater Infrastructure Fund" and disbursed to cover project costs. The bonds are exempt from state taxation and must be used solely for the specified purposes.
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