Bonds; authorize issuance of to assist Town of Marion with road improvements.

HB 1806 authorizes Mississippi to issue state-issued bonds to fund road improvements at the intersection of Dale Drive and NE Industrial Park Drive in Marion. The bonds, backed by the full credit of the State of Mississippi, will provide direct financial assistance to the Town of Marion for construction, upgrades, or other work at that specific location. Proceeds from the bond sales must be used exclusively for these road projects and related costs, with interest payments and bond maturity terms defined by the legislation. The bill does not change tax rates or involve new state infrastructure projects beyond this targeted location.