Authorizes issuance of state bonds to fund Village of Cary fire station construction costs.
Mississippi SB3026 authorizes the issuance of state general obligation bonds up to $500,000 to assist the Village of Cary in covering the costs of constructing a fire station. The bonds, exempt from state taxation, mature no later than July 1, 2030. Proceeds from the bond sale are deposited into a special fund, the "2026 Village of Cary Fire Station Fund," managed by the State Treasurer. The fund's unexpended amounts are used to pay bond debt service after project completion or abandonment. The State Bond Commission oversees the bond issuance and sale process.
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