Bill > HB922

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, up to a total of $10,475,000 to fund necessary repairs, renovations, upgrades, and improvements to the K.L. Simmons Technology Building at Alcorn State University. The funds for these improvements will be held in a dedicated special fund called the "2026 Alcorn State University K.L. Simmons Technology Building Fund," and any remaining money after the projects are completed will be used to pay off the debt incurred from the bonds. The State Bond Commission, referred to as the "Commission," will manage the issuance and sale of these bonds, which must be issued before July 1, 2030, and the act will become effective on July 1, 2026.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0922.xml