Mississippi HB302 authorizes the issuance of state bonds to fund road improvement projects in Noxubee County.
Mississippi HB302 proposes the issuance of state general obligation bonds to fund road improvement projects in Noxubee County. The bonds, totaling up to Four Million Dollars ($4,000,000.00), will be allocated to specific projects in various supervisors districts. The proceeds will be managed by the State Bond Commission and disbursed to Noxubee County for the projects. The bonds are exempt from state taxation and mature within twenty-five years. The act outlines the process for issuing, selling, and managing the bonds, ensuring they are used solely for the specified road improvement projects.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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