Public works construction; performance bond not required if contract is less than $50,000.00 and paid in two equal installments.

SB 2584 would have eliminated the requirement for performance bonds on public construction contracts under $50,000 in Mississippi, provided the public body (like a city or county) paid the contractor in two equal installments (50% upfront and 50% after project completion). This change would have directly affected small contractors working on public projects like minor repairs or renovations. The bill died in committee on February 4, 2025, and never became law, so the existing bond requirement for public works contracts remains in effect.