Authorizes issuance of state bonds to fund the extension of Airport Terminal Road in Cleveland, Mississippi.
Mississippi House Bill 780 authorizes the issuance of state general obligation bonds to assist the City of Cleveland in paying the costs of extending Airport Terminal Road at the City of Cleveland Municipal Airport. The bonds, not exceeding One Million Dollars, mature within 25 years and are exempt from state taxation. The proceeds are deposited into the "2026 Cleveland Airport Terminal Road Extension Fund" and disbursed to cover project costs. The State Bond Commission manages the bond issuance and sale, ensuring compliance with state laws. The act takes effect from July 1, 2026.
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