HB1965

Authorizes issuance of state bonds to fund a new truck bed for Derma's fire department.

Mississippi HB1965 authorizes the issuance of state general obligation bonds to fund the purchase of a new truck bed and related equipment for the Town of Derma's fire department. The bonds, up to $25,000, will be issued by the State Bond Commission and proceeds will be deposited into a special fund, the "2026 Town of Derma Fire Department Fund." This fund will be used exclusively for the purchase costs. The bonds will mature no later than July 1, 2030, and will be exempt from state taxation. The State Treasurer will manage the fund and disburse the proceeds to cover the purchase costs.