Bonds; authorize issuance to assist Town of Fayette with various projects.

HB 1666 authorizes Mississippi to issue state general obligation bonds to provide funding for specific infrastructure projects in the Town of Fayette. The bill directs bond proceeds toward constructing a new water treatment plant, creating a public lake and park, upgrading sewer systems, preparing property for economic development along U.S. Highway 61, and covering matching funds for a new fire engine. The bonds would be backed by Mississippi’s full credit, with repayment secured through state treasury funds if needed. This legislation directly affects Fayette residents and local economic development efforts by providing state financial assistance for these community projects. The bill died in committee on February 26, 2025, and was never enacted.