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MS SB3032
MS SB3032Bonds; authorize issuance for improvements at all Alcorn State University campuses.
summary
Introduced
02/10/2026
02/10/2026
In Committee
02/10/2026
02/10/2026
Crossed Over
Passed
Dead
02/25/2026
02/25/2026
Introduced Session
2026 Regular Session
Bill Summary
An Act To Authorize The Issuance Of State General Obligation Bonds To Provide Funds To Pay The Costs Associated With Repair And Renovation Of And Upgrades And Improvements To Campus Buildings, Facilities And Infrastructure At The Lorman, Vicksburg And Natchez Campuses Of Alcorn State University; And For Related Purposes.
AI Summary
This bill authorizes the State of Mississippi to issue up to $5,500,000 in general obligation bonds, which are essentially loans backed by the state's full faith and credit, to fund improvements at all campuses of Alcorn State University, specifically at Lorman, Vicksburg, and Natchez. The funds will be used for repairing, renovating, and upgrading campus buildings, facilities, and infrastructure, and will be managed through a dedicated fund called the "2026 Alcorn State University Improvements Fund." The State Bond Commission, a body responsible for issuing state debt, will oversee the sale of these bonds, which must be issued before July 1, 2030, and the proceeds will be disbursed for the approved projects. Any remaining funds after project completion will be used to pay off the bonds, and the bonds themselves will be exempt from state taxes.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Died In Committee (on 02/25/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB3032.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/SB/3000-3099/SB3032IN.htm |
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