Madison County; increase the amount of bonds that may be issued for the Madison County Economic Development Authority.

HB 1987 increases the maximum bond amount Madison County's Economic Development Authority (MCEDA) can issue for economic development projects from $20 million to $25 million. This directly affects MCEDA's ability to fund infrastructure improvements, industrial parks, and related facilities within Madison County. The key provision simply raises the authorized bond limit under existing law without changing the Authority's structure or other operational rules. The bill does not alter the process for issuing bonds or the types of projects eligible for funding.