Authorizes issuance of state bonds to fund Calhoun County Road 235 repairs.
Mississippi House Bill 1961 authorizes the issuance of state general obligation bonds to assist Calhoun County with the repair of County Road 235. The bonds, totaling up to $250,000, will be issued by the State Bond Commission and mature no later than July 1, 2030. The proceeds will be deposited into a special fund, the "2026 Calhoun County - County Road 235 Repair Fund," to cover project costs. The bonds are exempt from state taxation and are considered legal investments. The act specifies the bond issuance process, including validation, sale, and payment of principal and interest.
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