HB259

Mississippi HB259 authorizes the issuance of state bonds for repair and renovation of Mississippi Valley State University buildings and facilities.

Mississippi HB259 authorizes the issuance of state general obligation bonds to fund repair and renovation of campus buildings and facilities at Mississippi Valley State University. The bonds, up to a total of Three Million Dollars ($3,000,000.00), can be issued without additional proceedings. A special fund, the "2026 Mississippi Valley State University Repair and Renovation Fund," is created within the State Treasury to manage the bond proceeds. The fund will be used to pay the costs associated with the repair and renovation projects.