Mississippi legislation · 2026 Regular Session
Mississippi HB1985: Bonds; authorize issuance to assist with paving roads.
Status: Failed, February 25, 2026
AN ACT TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO ASSIST THE TOWN OF VARDAMAN, MISSISSIPPI, IN PAYING COSTS ASSOCIATED WITH PAVING ROADS IN THE TOWN; AND FOR RELATED PURPOSES.
What the bill says
An act to authorize the issuance of state general obligation bonds to provide funds to assist the town of vardaman, mississippi, in paying costs associated with paving roads in the town; and for related purposes.
From the introduced text:
AN ACT TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO ASSIST THE TOWN OF VARDAMAN, MISSISSIPPI, IN PAYING COSTS ASSOCIATED WITH PAVING ROADS IN THE TOWN; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. (1) As used in this act, the following words shall have the meanings ascribed herein unless the context clearly requires otherwise: (a) "State" means the State of Mississippi. (b) "Commission" means the State Bond Commission. (2) The principal of and interest on the bonds authorized under this act shall be payable in the manner provided in this subsection. Such bonds shall bear such date or dates, be in such denomination or denominations, bear interest at such rate or rates (not to exceed the limits set forth in Section 75-17-101, Mississippi Code of 1972), be payable at such place or places within or without the State of Mississippi, shall mature absolutely at such time or times not to exceed twenty-five (25) years from date of issue, be redeemable before maturity at such *HR43/R1894* H. B. No. 1985 ~ OFFICIAL ~ R3/5 26/HR43/R1894 PAGE 1 (BS\KP) time or times and upon such terms, with or without premium, shall bear such registration privileges, and shall be substantially in such form, all as shall be determined …
Sponsors
- Bailey, Perry (R, 23) · primary sponsor
Latest actions
- : Died In Committee
- : Referred To Ways and Means
Subjects: Bonds
Common questions
- What is HB1985?
- HB1985 is a bill in the Mississippi Legislature (2026 Regular Session): Bonds; authorize issuance to assist with paving roads.
- What does HB1985 do?
- In its own words: An act to authorize the issuance of state general obligation bonds to provide funds to assist the town of vardaman, mississippi, in paying costs associated with paving roads in the town; and for related purposes.
- What is the status of HB1985?
- Failed as of February 25, 2026. Latest action: Died In Committee (February 25, 2026).
- Who sponsored HB1985?
- Bailey, Perry (R, 23).
- Where is the official record for HB1985?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1985.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.