Bonds; authorize issuance to assist City of Greenville with transportation and sewer/water improvements.

HB 499 authorizes Mississippi to issue state general obligation bonds to provide funding for the City of Greenville's transportation infrastructure and sewer/water system improvements. The bill directs proceeds from the bond sale to a special fund managed by the State Bond Commission, which will disburse the money specifically for eligible city projects. As general obligations of the state, the bonds are backed by Mississippi's full faith and credit, with repayment guaranteed from state funds if needed. This measure directly supports Greenville's infrastructure upgrades through state-financed bonds.