MS HB1444

Authorizes the State Bond Commission to issue general obligation bonds totaling up to $1,500,000 to fund Alcorn State University's Science, Technology, Engineering and Mathematics (STEM) program.

Bonds may be issued at any time or in multiple installments, but no bonds may be issued after July 1, 2026.

Creates a special fund designated as the "2022 Alcorn State University Science, Technology, Engineering and Mathematics (STEM) Program Fund" to receive bond proceeds and disburse funds to the university for the STEM program.

Establishes that bonds are general obligations of Mississippi backed by the full faith and credit of the state, with interest rates not to exceed limits set in Mississippi Code Section 75-17-101 and maturity not exceeding 25 years.

Bond proceeds and investment earnings are tax-exempt in Mississippi and any unexpended amounts remaining in the special fund shall not lapse into the General Fund.