Authorizes issuance of state bonds to fund water system improvements for Old Union Water Association.
The bill authorizes the issuance of state general obligation bonds to provide funds for the Old Union Water Association in Lee County, Mississippi, to cover costs related to construction, repair, and upgrades of their water system. The proceeds from the bond sales will be deposited into a special fund, the "2026 Old Union Water Association Improvements Fund," and disbursed to cover project costs. The bonds will be general obligations of the state, with the full faith and credit of Mississippi pledged for their payment.
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