Authorizes issuance of state bonds to fund street improvements in Indianola, Mississippi.
Mississippi HB4055 authorizes the issuance of state general obligation bonds to fund street improvement projects in Indianola, Mississippi. The bonds, totaling up to $1,153,070, will be issued by the State Bond Commission and sold by sealed bids or negotiated sale. The proceeds will be deposited into the "2026 City of Indianola Street Improvements Fund" and disbursed to the city for the specified projects. The bonds are exempt from state taxation and must mature within 25 years. The act takes effect on July 1, 2026.
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