Bill > HB1804

This bill authorizes the State of Mississippi to issue up to $5,000,000 in general obligation bonds, which are essentially loans backed by the state's full faith and credit, to fund necessary repairs, renovations, and upgrades for Albert Lott Hall and the nursing campus residence halls at Alcorn State University. The State Bond Commission, a body responsible for issuing state debt, will manage the sale of these bonds, with the proceeds going into a dedicated fund called the "2026 Alcorn State University Improvements Fund." This fund will be used to cover the costs of the improvements, and any remaining money after the projects are completed will be used to pay back the bonds. The bonds must be issued and sold by 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/HB1804.xml