Authorizes issuance of state bonds to fund improvements at Alcorn State University campuses.
Mississippi House Bill 916 authorizes the issuance of state general obligation bonds to fund repair, renovation, upgrades, and improvements to buildings, facilities, and infrastructure at Alcorn State University's Lorman, Vicksburg, and Natchez campuses. The bonds, totaling up to $5.5 million, are exempt from state taxes. The State Bond Commission will oversee the issuance and sale of the bonds, with proceeds deposited into a special fund, the "2026 Alcorn State University Improvements Fund." Any remaining funds after project completion will be used for debt service on the bonds.
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