HB906

Mississippi HB906 authorizes the issuance of state bonds to fund housing improvements for faculty and staff at Alcorn State University.

Mississippi HB906 allows the State Bond Commission to issue general obligation bonds up to $2,910,000 for housing improvements at Alcorn State University. The bonds, which mature no later than July 1, 2030, will fund construction, furnishing, and equipping of new buildings and related facilities. The proceeds will be deposited in a special fund, the "2026 Alcorn State University Housing Fund," and disbursed by the Department of Finance and Administration. The bonds are exempt from state taxation, and the State Treasurer will manage payments. The act takes effect July 1, 2026.