Bonds; authorize issuance to assist City of Oxford with North Lamar Boulevard Corridor improvements project.

HB 4091 authorizes the State of Mississippi to issue general obligation bonds to provide funds for the City of Oxford's North Lamar Boulevard Corridor Improvements Project. The bonds, backed by the state's full credit, would be sold by the State Bond Commission, with proceeds transferred to a special fund for the city's use. The state guarantees repayment of the bonds using general funds if needed, ensuring the city can cover project costs without relying solely on local revenue. This bill directly affects Oxford's infrastructure development and the state's fiscal responsibility for the project.