Authorizes issuance of state bonds for preplanning improvements at Alcorn State University.
The bill authorizes the issuance of state general obligation bonds to fund preplanning for repair, renovation, and upgrades of the Walter Washington Administration and Classroom Building at Alcorn State University. The proceeds from the bond sale will be deposited into a special fund, the "2026 Alcorn State University Walter Washington Administration and Classroom Building Preplanning Fund," which will be used exclusively for these preplanning costs. The bonds will mature no later than July 1, 2030, and the total amount issued will not exceed $500,000.
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