Authorizes state bonds to fund Lafayette County jail improvements.
This bill authorizes the issuance of state general obligation bonds to assist Lafayette County, Mississippi, in covering costs for the repair, renovation, and upgrades of the Lafayette County jail. The proceeds from the bond sale will be deposited into the "2026 Lafayette County Jail Fund" and disbursed to cover project costs. The total bond issuance is capped at $13,600,000, with no bonds issued after July 1, 2030. The bonds will be exempt from state taxation and will mature within 25 years. The State Bond Commission will oversee the bond issuance process.
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