Bill > HB921

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 maximum of $3,570,000 to fund the repair, renovation, reconstruction, expansion, and restoration of the Poultry Sciences Academic Research Center at Alcorn State University. The State Bond Commission, referred to as the "Commission," will manage the issuance and sale of these bonds, with the proceeds deposited into a dedicated fund called the "2026 Alcorn State University Poultry Sciences Academic Research Center Fund." Any remaining funds after the project is completed will be used to pay off the debt on the bonds. The bonds will mature within twenty-five years of their issuance and cannot be issued after July 1, 2030, with the act taking effect on July 1, 2026.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0921.xml