Bonds; authorize issuance to assist City of Oxford with extending Pegues Road.

HB 1807 authorizes Mississippi to issue state bonds to provide funds for the City of Oxford to extend and connect Pegues Road to Ed Perry Boulevard. The state would borrow money through these bonds, using its full credit to guarantee repayment, with proceeds transferred directly to Oxford for road construction costs. The bill specifies that bond funds must be used exclusively for this project and related expenses, without requiring new taxes. This provides a financing mechanism for a specific infrastructure improvement in Oxford.