Bonds; authorize issuance to assist Town of Alligator with water and sewer project.

HB 324 authorizes Mississippi to issue state general obligation bonds to provide funds for the Town of Alligator's 2025 water and sewer improvement project. The bill directly affects the Town of Alligator by covering costs associated with its specific infrastructure upgrades. Key mechanisms include the State Bond Commission handling bond issuance and sale, with proceeds deposited into a special fund exclusively for the town's project. The bonds are backed by Mississippi's full credit, ensuring repayment from state funds if needed.