Bonds; authorize issuance to assist Town of Benoit with road improvement project.

HB 776 authorizes Mississippi to issue state bonds to fund the Town of Benoit's 2025 road improvement project. The bill creates a special account for bond proceeds, which the State Bond Commission will transfer directly to Benoit to cover project costs. The bonds are backed by the full credit of the Mississippi state government, with repayment coming from state treasury funds if needed. This bill directly affects Benoit's infrastructure budget and Mississippi taxpayers through state bond obligations.