HB1827

Authorizes the issuance of state general obligation bonds to fund heavy equipment acquisition for the City of Itta Bena, Mississippi.

Mississippi House Bill 1827 establishes the "2026 City of Itta Bena Heavy Equipment Acquisition Fund" within the State Treasury. The fund will be used to disburse bond proceeds to the City of Itta Bena for the acquisition of heavy equipment, specifically one backhoe and one bucket truck. The State Bond Commission will oversee the issuance and sale of bonds, which will be general obligations of the state. The bonds will be exempt from state taxation, and the commission will determine the terms of the bonds, including interest rates, maturity dates, and registration privileges.