Authorizes issuance of state bonds to fund road improvements in Benoit, Mississippi.
This bill authorizes the issuance of state general obligation bonds to provide funds for the Town of Benoit's 2025 road improvement project. The proceeds from the bond sales will be deposited into a special fund, the "2026 Town of Benoit Road Improvement Project Fund," managed by the State Treasurer. The bonds will mature within 25 years, be exempt from state taxes, and bear interest at rates not exceeding statutory limits. The commission will act as the issuing agent, determining the form, date, denomination, and interest rate of the bonds.
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