MS SB2754

Authorizes issuance of up to $50,010,000 in state general obligation bonds to fund the "2022 Ayers Restoration Fund"

Provides funding to help the Board of Trustees of State Institutions of Higher Learning meet its obligation under the Ayers v. Musgrove settlement to establish a privately funded endowment for Jackson State University, Mississippi Valley State University, and Alcorn State University

Endowment proceeds must be used for program stabilization, program development, and expansion at the three historically Black universities

Bonds may not be issued after July 1, 2026, and must mature within 25 years of issuance

Bonds are tax-exempt general obligations of the State of Mississippi backed by the full faith and credit of the state