Mississippi HB1988: Bonds; authorize issuance to assist Calhoun County School District with constructing a new fieldhouse at Vardaman High School.

What the bill says

An act to authorize the issuance of state general obligation bonds to provide funds to assist the calhoun county school district in paying costs associated with constructing, furnishing and equipping a new fieldhouse at vardaman high school; 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 CALHOUN COUNTY SCHOOL DISTRICT IN PAYING COSTS ASSOCIATED WITH CONSTRUCTING, FURNISHING AND EQUIPPING A NEW FIELDHOUSE AT VARDAMAN HIGH SCHOOL; 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) *HR26/R2178* H. B. No. 1988 ~ OFFICIAL ~ R3/5 26/HR26/R2178 PAGE 1 (BS\KW) years from date of issue, be redeemable before maturity at such time or times and upon such terms, with or without premium, shall bear such registration privileges, and shall be substantially in such …

Read the full official text

Sponsors

• Bailey, Perry (R, 23) · primary sponsor

Latest actions

1. February 25, 2026: Died In Committee
2. February 17, 2026: Referred To Ways and Means

Common questions

What is HB1988?

HB1988 is a bill in the Mississippi Legislature (2026 Regular Session): Bonds; authorize issuance to assist Calhoun County School District with constructing a new fieldhouse at Vardaman High School.

What does HB1988 do?

In its own words: An act to authorize the issuance of state general obligation bonds to provide funds to assist the calhoun county school district in paying costs associated with constructing, furnishing and equipping a new fieldhouse at vardaman high school; and for related purposes.

What is the status of HB1988?

Failed as of February 25, 2026. Latest action: Died In Committee (February 25, 2026).

Who sponsored HB1988?

Bailey, Perry (R, 23).

Where is the official record for HB1988?

On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1988.xml