Authorizes Mississippi to issue bonds to fund Calhoun County's County Road 306 project.
Mississippi House Bill 1981 authorizes the issuance of state general obligation bonds to fund Calhoun County's County Road 306 mill, overlay, and striping project. The bonds, up to $1,350,000, will be exempt from state taxes and can be issued until July 1, 2030. The proceeds will be deposited into a special fund, the "2026 Calhoun County - County Road 306 Fund," managed by the State Treasurer. After project completion, remaining funds will cover bond debt service. The State Bond Commission will oversee bond issuance and sale, with investment earnings used for debt service.
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