Mississippi HB1985 authorizes bond issuance to fund road paving in Vardaman.
Mississippi HB1985 creates a special fund, the "2026 Town of Vardaman Road Fund," to receive bond proceeds for paving roads in Vardaman. The State Bond Commission can issue up to $200,000 in bonds, maturing no later than 2030. The bonds are general obligations of the state, with interest exempt from state taxes. The commission can sell bonds through public sale or negotiation, with proceeds used solely for the road projects. The State Treasurer must ensure bond payments are made on time.
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