Bonds; authorize issuance to assist City of Cleveland in paying costs of extending Airport Terminal Road.

HB 107 authorizes the State of Mississippi to issue general obligation bonds to provide funds for the City of Cleveland to cover the costs of extending Airport Terminal Road at the Cleveland Municipal Airport. The bonds, backed by the state's full faith and credit, would be sold to raise money specifically for this airport infrastructure project. Proceeds from the bond sale would be transferred to a dedicated fund and used exclusively for the road extension and related expenses. This bill creates a funding mechanism for a local infrastructure project without altering existing state laws or policies.