Bill > HB917

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 $4,540,000 to fund necessary repairs and renovations at Alcorn State University to ensure compliance with the Americans with Disabilities Act (ADA), a federal law that prohibits discrimination based on disability. 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 Improvements Fund." Any remaining funds after the projects are completed will be used to pay off the debt incurred from the bonds, and the bonds themselves will be exempt from state taxes. The authority to issue these bonds will expire on July 1, 2030, and the act will take effect on July 1, 2026.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0917.xml