Authorizes Mississippi to issue bonds to help Calhoun County buy garbage cans.
Mississippi House Bill 614 authorizes the issuance of state general obligation bonds to fund Calhoun County's costs for purchasing garbage cans. The proceeds from these bonds will be deposited into a special fund called the "2026 Calhoun County Garbage Can Fund." The fund will be maintained separately from the state's General Fund. The bonds will mature within 25 years and can be redeemed before maturity. Investment earnings on the fund will be used to pay debt service on the bonds. The bonds are exempt from state taxes and are considered legal investments for trustees and other fiduciaries.
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