Bonds; authorize issuance to assist Town of Moorhead with street repairs and infrastructure improvements.

HB 4053 authorizes Mississippi to issue state bonds to provide funds for the Town of Moorhead’s street repairs and infrastructure projects. The bill creates a special fund to disburse bond proceeds directly to Moorhead for these specific improvements. The state pledges its full credit to repay the bonds, making them general obligations of Mississippi. This is a funding mechanism, not a policy change affecting residents or new regulations.