HB1783

Authorizes issuance of state bonds to fund street improvements in Sunflower, Mississippi.

Mississippi House Bill 1783 authorizes the issuance of state general obligation bonds to fund citywide street improvements in Sunflower, Mississippi. The proceeds from the bond sale will be deposited into the "2026 Town of Sunflower Street Improvements Fund" and disbursed to cover project costs. The bonds, which cannot exceed $2,031,126, will mature no later than July 1, 2030. The State Bond Commission will oversee the bond issuance process, including advertising, sale, and disbursement of proceeds. The bonds and their interest are exempt from state taxation.