Bonds; authorize issuance to assist City of Natchez with stormwater infrastructure projects.

HB 115 authorizes Mississippi to issue state bonds to fund three specific stormwater infrastructure projects in Natchez: the Roselawn Subdivision, West Stiers Lane, and Concord Avenue projects. The bond proceeds will be deposited into a special fund and used exclusively to cover the city's costs for these drainage improvements. The bonds are general obligations of the state, backed by Mississippi's full credit, with repayment secured from the state treasury if needed. This bill directly affects the City of Natchez by providing state financial assistance for local infrastructure upgrades.