Bonds; authorize issuance to assist Noxubee County with the completion of certain road improvement projects.

HB 302 authorizes the State of Mississippi to issue general obligation bonds to provide funding for specific road improvement projects in Noxubee County. The state would borrow money through these bonds, with repayment guaranteed by Mississippi's full faith and credit, meaning the state treasury would cover any shortfall if county funds fall short. The bond proceeds would directly assist Noxubee County in completing its road projects, including costs like construction and related expenses. The bill details the bond issuance process, repayment terms, and restrictions on how funds can be used, ensuring they are solely for the specified infrastructure work.