Authorizes Mississippi to issue bonds for Petal School District road improvements.
The bill authorizes the State of Mississippi to issue general obligation bonds to fund construction and improvements to Herrington Road near the new Petal Elementary School. The proceeds will be deposited into a special fund, the "2026 Petal School District Herrington Road Fund," and disbursed to the Petal School District. The bonds will be exempt from state taxes and can be used for related costs. The issuance of bonds is subject to certain conditions and limitations, including a maximum amount and expiration date.
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