Mississippi HB502 authorizes bond issuance to fund Pike County's U.S. Highway Bridge Project.
Mississippi HB502 establishes the "2026 Pike County U.S. Highway Bridge Project Fund" within the State Treasury to manage funds for Pike County's U.S. Highway Bridge Project. The bill authorizes the issuance of up to $4,000,000 in state general obligation bonds, with proceeds used to cover project costs. The bonds can be sold through public sale or negotiation, with interest payable semiannually or annually. The bonds are exempt from state taxation and must be used solely for the project's costs.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.