MS SB2882

Authorizes issuance of up to $99,100,500 in state general obligation bonds for Alcorn State University projects, with no bonds issued after July 1, 2024.

Creates the "2020 Alcorn State University Projects Fund" to finance capital improvements including a new student union ($32,000,000), campus safety and security ($9,700,000), dormitory renovations ($5,000,000), and ADA modifications ($4,000,000).

Allocates $10,200,500 for agriculture research and extension capital projects including a Child Development Learning Center, Poultry Academic Research Center, and STEAM Outreach Center.

Directs the Department of Finance and Administration and State Bond Commission to manage fund disbursement, with unused monies after four years to be applied toward bond debt service or used for general institutional repairs.

Pledges the full faith and credit of the State of Mississippi to pay bond principal and interest; bonds are exempt from state taxation and qualify as legal investments for fiduciaries and financial institutions.