Bill > HB367

This bill authorizes the State of Mississippi to issue general obligation bonds, which are essentially loans backed by the state's full faith and credit, to fund significant improvements at Mississippi Valley State University. The State Bond Commission, a body responsible for issuing state debt, will manage the sale and issuance of these bonds. The funds raised will be deposited into a dedicated "2026 Mississippi Valley State University Construction, Repair and Renovation Fund" and will be used for specific projects, including the construction of a new residence hall and related facilities, and the repair and renovation of several existing buildings: the O.P. Lowe Education Building, the Walter Sillers Fine Arts Building, the Fielding L. Wright Math and Science Building, and the W.A. Butts Social Science Building. The total amount of bonds authorized for issuance is $126,063,270, and no bonds can be issued after July 1, 2030. The bill also outlines the procedures for bond issuance, including their maturity, interest rates, and legal standing, and clarifies that any remaining funds in the special account after project completion will be used to pay off the bonds.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0367.xml