MS HB1678

Authorizes issuance of state general obligation bonds up to $1,000,000 to fund preplanning costs for repair, renovation, and improvements to the Walter Washington Administration and Classroom Building at Alcorn State University

Creates a special fund designated "2025 Alcorn State University Walter Washington Administration and Classroom Building Preplanning Fund" to receive and disburse bond proceeds under discretion of the Department of Finance and Administration

Bonds shall mature within 25 years from date of issue, bear interest rates not exceeding limits in Mississippi Code Section 75-17-101, and be backed by full faith and credit of the State of Mississippi

Authorizes the State Bond Commission to issue bonds by resolution, with proceeds transferred to the special fund; any remaining amounts after project completion shall be applied to debt service on the bonds

Establishes July 1, 2029 as the deadline for bond issuance and July 1, 2025 as the effective date of the act