Bonds; authorize issuance to assist City of Greenwood with acquiring essential vehicles and reducing existing debt incurred to acquire vehicles.

HB 4035 authorizes Mississippi to issue state-backed bonds to provide funds for the City of Greenwood to purchase essential municipal vehicles and pay down existing debt from past vehicle acquisitions. The bill creates a special fund for these specific city vehicle costs and debt reduction, with bond proceeds disbursed directly to Greenwood. The state pledges its full credit to repay the bonds, meaning taxpayers would cover any shortfall if state funds are insufficient. This is a targeted financial assistance measure for Greenwood’s municipal fleet needs, not a general funding mechanism.