Authorizes issuance of state bonds to help the Town of Bruce, Mississippi, buy a fire truck.
Mississippi HB581 authorizes the issuance of state general obligation bonds to fund the acquisition of a fire truck for the Town of Bruce, Mississippi. The bonds, up to $750,000, can be issued until July 1, 2030. A special fund, the "2026 Town of Bruce Fire Truck Acquisition Fund," will be created to manage the bond proceeds. Investment earnings from this fund will cover debt service on the bonds. The bonds are exempt from state taxes and are legal investments for various entities. The act specifies the bond issuance process, including validation and sale procedures.
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