Authorizes Mississippi to issue bonds to fund the overlay of Waverly Road in Clay County.
Senate Bill 3044 authorizes the issuance of state general obligation bonds to assist Clay County, Mississippi, in covering the costs of overlaying Waverly Road. The bonds, up to a maximum of One Million Dollars, can be issued by the State Bond Commission and sold through public sale or negotiation. The proceeds from the bond sales will be deposited into the "2026 Clay County Waverly Road Overlay Fund," which will be used exclusively for this project. The bonds are exempt from all state taxes and mature no later than July 1, 2030.
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