Bonds; authorize issuance to assist City of Jackson with removal and demolition of certain dilapidated and blighted properties.

HB 1012 authorizes Mississippi to issue general obligation bonds to fund the City of Jackson's costs for acquiring, removing, and demolishing dilapidated and blighted properties near state-owned grounds and within the Farish Street Historic District. The bill creates a special fund to receive bond proceeds, which must be used exclusively for these specific demolition projects. The state pledges its full faith and credit to repay the bonds, with any shortfall covered by the State Treasurer from unappropriated funds. This is a funding mechanism, not a new policy, directly affecting Jackson's property clearance efforts in designated areas.