Authorizes issuance of state bonds to fund purchase of four police vehicles for Cleveland, Mississippi.
Mississippi House Bill 779 authorizes the issuance of state general obligation bonds to fund the purchase of four motor vehicles for the Cleveland Police Department. The bonds, totaling up to $182,100, are exempt from state taxation. The proceeds will be deposited into a special fund, the "2026 City of Cleveland Police Department Motor Vehicles Fund," to cover the costs of the vehicle purchases. The fund will also use investment earnings to pay debt service on the bonds. The bonds cannot be issued after July 1, 2030.
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