Bonds; authorize issuance to assist City of Natchez with stormwater infrastructure projects.

HB 1639 authorizes Mississippi to issue state bonds to provide funding for three specific stormwater infrastructure projects in Natchez: the Roselawn Subdivision, West Stiers Lane, and Concord Avenue projects. The bill directs the State Bond Commission to issue these bonds, with proceeds used solely to cover the city's costs for these projects. The bonds are state obligations backed by Mississippi's full credit, requiring repayment from state funds if needed. This legislation directly affects the City of Natchez by providing financial assistance for critical infrastructure improvements.