MS HB519

Authorizes issuance of state general obligation bonds up to $4,540,000 to fund repairs and renovations for ADA compliance at Alcorn State University buildings and facilities.

Creates the "2024 Alcorn State University Improvements Fund" as a separate fund in the State Treasury to receive bond proceeds and disburse them for the authorized projects.

Bonds mature within 25 years from date of issue, with interest rates not exceeding limits set in Mississippi Code Section 75-17-101, and all bonds backed by full faith and credit of the state.

State Treasurer authorized to certify warrants to the Department of Finance and Administration for payment of bond principal and interest when due.

No bonds may be issued under this authorization after July 1, 2028, and the act takes effect July 1, 2024.