Bonds; authorize issuance to assist City of Petal with wastewater infrastructure improvements.

HB 2000 authorizes Mississippi to issue state general obligation bonds to fund the City of Petal's wastewater infrastructure improvements. The bill specifically provides funds for Petal to construct and expand its system to transport wastewater to Hattiesburg's sewer lagoon. The bonds, backed by the full faith and credit of the state, will mature within 25 years, with proceeds flowing directly to Petal for these infrastructure upgrades. This legislation directly affects Petal residents and taxpayers through improved wastewater services, while state taxpayers bear the bond obligation.