Bonds; authorize issuance to assist City of Natchez with Concord Avenue drainage improvement project.

HB 120 authorizes the State of Mississippi to issue general obligation bonds to provide funding for the City of Natchez's Concord Avenue drainage improvement project. The bill directs proceeds from these bonds - secured by the state's full faith and credit - to cover the city's costs for improving drainage along Concord Avenue. The State Bond Commission would manage the bond issuance and transfer funds to a dedicated account for this specific project. This is a funding mechanism, not a new policy, directly assisting Natchez with infrastructure repairs.