Bonds; authorize issuance to assist East Madison Water Association with construction of new well and installation of automatic meter reading system.

HB 1146 authorizes Mississippi to issue state general obligation bonds to fund a new water well and automatic meter reading system for the East Madison Water Association. The bill directs bond proceeds specifically toward covering construction costs for these infrastructure improvements. The State Bond Commission would handle bond issuance, with repayment secured by the state's full faith and credit. This targeted funding supports the water association's operational upgrades without creating new statewide policies or affecting broader public services.