MS SB2927

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

Creates the "2024 Alcorn State University Improvements Fund" as a separate treasury fund to receive bond proceeds and disburse funds for ADA compliance projects.

Bonds shall mature no later than 25 years from issuance with interest rates not exceeding limits in Mississippi Code Section 75-17-101; the State Bond Commission shall determine specific terms.

Pledges the full faith and credit of the State of Mississippi for bond repayment; any deficit shall be paid from the State Treasury.

Prohibits bond issuance after July 1, 2028; any remaining fund balance after project completion shall be applied to bond debt service.