SB3187

Authorizes state bonds to fund West Point's Water and Light Department Administrative Building renovations.

Mississippi Senate Bill 3187 authorizes the issuance of state general obligation bonds up to $2,000,000 to assist the City of West Point in paying for renovations to the Water and Light Department Administrative Building. The proceeds from the bond sales will be deposited into a special fund, the "2026 West Point Water and Light Department Administrative Building Renovation Fund," and disbursed to cover renovation costs. The bonds are exempt from state taxes, and the State Treasurer is responsible for ensuring timely payment of the bonds' principal, premium, and interest.