Bonds; authorize issuance to assist City of Okolona with street overlay projects.

HB 473 authorizes Mississippi to issue state bonds to fund street overlay projects in Okolona. The bill specifically covers resurfacing costs for 10 streets in Okolona (including Park Lane, Adams Avenue, and Murphy Street), covering construction, engineering, and related expenses. Funds will come from the sale of state general obligation bonds, backed by Mississippi's full credit, with proceeds directed to a special fund for these projects. The legislation directly affects Okolona residents and city infrastructure by providing state-level financial assistance for local road repairs.