Authorizes issuance of state bonds for repairs and upgrades to K.L. Simmons Technology Building at Alcorn State University.
Mississippi House Bill 922 authorizes the issuance of state general obligation bonds to fund the repair, renovation, and upgrades of the K.L. Simmons Technology Building at Alcorn State University. The bonds, totaling up to $10,475,000, are exempt from state taxation. The State Bond Commission is responsible for issuing and selling the bonds, with proceeds deposited into a special fund for the project. The bonds mature no later than July 1, 2030. The act also outlines the legal and financial mechanisms for bond issuance, including validation, investment, and repayment.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.