Bonds; authorize issuance to assist City of Verona with site development related to the Old Town Crossing Project.

HB 470 authorizes Mississippi to issue state general obligation bonds to provide funds for the City of Verona to cover costs related to site development for the Old Town Crossing Project. The project is located at the southeast corner of Mississippi Highway 6 and U.S. Highway 45 in Verona. The bill creates a special fund to disburse bond proceeds specifically for this site work, with the state's full credit pledged for repayment. The City of Verona directly benefits as the recipient of these funds for infrastructure development.