Bonds; authorize issuance to assist Town of Bruce with sewer system improvements.

HB 617 authorizes Mississippi to issue state bonds to fund sewer system repairs, upgrades, and improvements for the Town of Bruce. The bill directly affects the Town of Bruce by providing state financial assistance for its infrastructure needs. Key provisions include creating a special fund for the bond proceeds, requiring the bonds to be backed by Mississippi's full credit (with state treasury funds covering any shortfall), and restricting the funds solely to the specified sewer project costs. The bonds will be issued by the State Bond Commission and are exempt from state taxation.