Town of Walnut; authorize to levy tax on restaurants, hotels, and motels and to issue bonds for parks and recreation.

This bill authorizes the Town of Walnut, Mississippi, to collect a special tax of up to 3% on hotel room rentals and restaurant sales to fund parks and recreation projects. Before the tax can be implemented, the town must hold a public election where at least 60% of voters must approve the measure. The collected funds will be used exclusively for building, maintaining, and operating parks and related facilities, and the bill also allows the town to issue bonds or restructure existing debt using these revenues. Additionally, the town is permitted to lease and lease back property to support its parks and recreation efforts.