Bill > HB912

This bill authorizes the State of Mississippi to issue general obligation bonds, meaning the state's full faith and credit is pledged for repayment, up to a maximum of $3,470,000 to fund the construction, furnishing, and equipping of a Hydroponics Research and Teaching Greenhouse at Alcorn State University. The State Bond Commission, referred to as the "Commission," will manage the issuance and sale of these bonds, with proceeds deposited into a dedicated fund called the "2026 Alcorn State University Hydroponics Research and Teaching Greenhouse Fund." Any remaining funds after construction will be used to pay off the bonds, and the bonds themselves will be exempt from state taxes and considered safe investments. The act specifies that no bonds can be issued after July 1, 2030, and the entire act will take effect on July 1, 2026.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0912.xml