City of Laurel; revise use of the proceeds from recreation and public improvement promotion tax.

This bill directs the City of Laurel, Mississippi, to stop using certain tax revenues and bond proceeds to fund construction and improvements at the South Mississippi Fairground. Instead, these funds will be allocated to recreation facilities within the city that are open to the general public. The legislation establishes a 2% tax on hotel/motel room rentals and restaurant sales, with at least one-third of the collected revenue required to be shared with the Fair Commission for fairground projects. The city government retains authority to manage and spend the remaining funds on public recreation projects, while still following state public purchasing and bidding laws.