Authorizes issuance of state bonds to fund ADA compliance improvements at Alcorn State University.
Mississippi Senate Bill 3036 authorizes the issuance of state general obligation bonds to fund repairs and renovations for ADA compliance at Alcorn State University. The bonds, totaling up to $4,540,000, will be issued by the State Bond Commission and disbursed from a special fund created within the State Treasury. The proceeds will be used solely for the specified ADA compliance projects, with any remaining funds applied to debt service on the bonds. The bonds will mature no later than July 1, 2030.
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