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Mississippi authorizes $1.958 million in general obligation bonds for Petal School District road improvements

Original title: Bonds; authorize issuance to assist Petal School District with improvements to Herrington Road.

Last action · February 25, 2026: 02/25 (H) Died In CommitteeSponsor: Larry Byrd

Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Proposed

House Bill 959 authorizes the issuance of up to $1,958,000 in state to assist the Petal School District with construction, improvements, and widening of Herrington Road near the proposed new Petal Elementary School site. The measure creates a special fund in the State Treasury for these bond proceeds and sets a final issuance deadline of July 1, 2030, taking effect on July 1, 2026.

Why it matters

The measure provides state-backed financing for local infrastructure around a school site, backed by the full faith and credit of Mississippi, with proceeds restricted entirely to Herrington Road construction costs and debt service on the bonds.

Background
  • Petal School District is a public school district located in Petal, Mississippi. context
  • General obligation bonds issued by Mississippi are backed by the full faith and credit of the state. context

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

Petal School District

The district receives financial assistance for construction, improvements, and widening of Herrington Road near the new elementary school site.

Directly affected

State Bond Commission

The commission acts as the issuing agent to sell, structure, and administer the state general obligation bonds.

Directly affected

Department of Finance and Administration

The department holds discretion over disbursing special fund monies and must request warrants for debt service payments.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is the maximum amount of bonds that can be issued under this bill?
The total amount of bonds issued under this section shall not exceed $1,958,000.00.
What is the final deadline for issuing these bonds?
No bonds shall be issued under this section after July 1, 2030.
Who manages the disbursement of funds for the road project?
Monies deposited into the fund are disbursed in the discretion of the Department of Finance and Administration.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Where This Stands

This bill did not become law - Died in committee.

Procedural history

2 actions
  1. Feb 25, 2026House
    02/25 (H) Died In Committee
  2. Jan 16, 2026HouseCommittee
    01/16 (H) Referred To Ways and Means

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Sponsors

Connected Entities

State Bond Commission, Chancery Court of the First Judicial District of Hinds County, Mississippi, State Treasurer and 2 more
OrganizationState Bond Commission“Acts as issuing agent for the bonds authorized under the act”Map →
PersonState Treasurer“Maintains the special fund and certifies warrants for bond payments”Map →
OrganizationPetal School District“District receiving assistance for Herrington Road construction and improvements”Map →
OrganizationDepartment of Finance and Administration“Disburses monies from the special fund and requests payment warrants”Map →

Sources

Open source document

billstatus.ls.state.ms.us

Analysis Score

0–100
  • Significance20
    Lowered because this bill did not pass (its text scored 45)
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz15
    Current news / social attention level

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