Authorizes issuance of state bonds to fund North Bayou Avenue improvement project in Cleveland, Mississippi.
Mississippi House Bill 4063 authorizes the issuance of state general obligation bonds to fund the North Bayou Avenue improvement project in Cleveland, Mississippi. The bonds will be issued by the State Bond Commission and proceeds will be deposited into a special fund designated for this project. The fund will be used to cover costs related to the project, including removing obstructions, widening, and lighting the road. The bonds will mature no later than July 1, 2030, and will be exempt from all state taxes.
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