Authorizes issuance of state bonds to fund Yazoo County drainage project costs.
Mississippi SB3022 authorizes the issuance of state general obligation bonds to fund costs associated with a drainage project in Yazoo County. The proceeds from the bond sales will be deposited into a special fund, the "2026 Yazoo County Drainage Project Fund," and disbursed to the Board of Supervisors of Yazoo County. The bonds are exempt from state taxation, and the State Treasurer is directed to pay the principal, premium, and interest on the bonds. The total amount of bonds issued cannot exceed $500,000 and must be issued before July 1, 2030.
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