Authorizes issuance of state bonds for Alcorn State University agricultural facilities upgrades.
The bill authorizes the issuance of state general obligation bonds to fund the repair, renovation, and upgrades of agricultural facilities at Alcorn State University. The bonds, totaling up to $570,000, will be issued by the State Bond Commission and proceeds will be deposited into a special fund. The fund will be used to cover costs related to the projects. The bonds will mature no later than July 1, 2030, and will be exempt from all state taxes. The act takes effect from July 1, 2026.
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.