Bonds; authorize issuance to assist City of Indianola with street improvements.

HB 4055 authorizes the State of Mississippi to issue general obligation bonds to provide funds for the City of Indianola to cover costs of street improvement projects on various streets within the city. The bill creates a special fund to receive bond proceeds, which will be disbursed directly to Indianola for these infrastructure projects. The bonds are backed by Mississippi's full credit, meaning the state would use general funds if needed to repay bondholders. This is a direct financial assistance measure for Indianola's local street maintenance and improvement efforts.