Bonds; authorize issuance to assist Calhoun County with County Road 306 project.

HB 1981 authorizes Mississippi to issue state general obligation bonds to provide funds for Calhoun County's County Road 306 mill, overlay, and striping project. The bill directs proceeds from these state-backed bonds - secured by Mississippi's full faith and credit - to a special fund, which will then be disbursed to Calhoun County to cover costs associated with the road project. If county funds are insufficient, the state treasury would cover any shortfall on bond payments. This is a straightforward funding mechanism to support a specific local infrastructure improvement, directly affecting Calhoun County's road maintenance efforts.