MS HB189

Authorizes $60,000,000 in state general obligation bonds to fund repair, renovation, and upgrading of campus buildings, facilities, and infrastructure at three historically Black universities in Mississippi

Allocates $20,000,000 each to Alcorn State University, Jackson State University, and Mississippi Valley State University for capital improvements

Creates the "2023 Alcorn State University, Jackson State University and Mississippi Valley State University Improvements Fund" as a special fund within the State Treasury to hold and disburse bond proceeds

Bonds must mature within 25 years from date of issue and cannot be issued after July 1, 2027

Unused funds must be accounted for within 4 years of deposit, and administrative costs for the Department of Finance and Administration are capped at 2% of bond proceeds per project