Authorizes Mississippi to issue bonds to fund sewer system improvements in Bruce.
This bill authorizes the issuance of state general obligation bonds to provide funds for the Town of Bruce, Mississippi, to cover costs related to sewer system repairs, upgrades, and improvements. The bonds, up to a total of $250,000, can be issued until July 1, 2030. The proceeds from the bond sales will be deposited into a special fund, the "2026 Town of Bruce Sewer System Fund," which will also receive any investment earnings. These funds will be used to pay for the sewer system projects and any related costs. The bonds are exempt from state taxes and can be validated in the Chancery Court.
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