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MS SB2875
Bill
AI Summary
- Authorizes issuance of state general obligation bonds not exceeding $8,610,000 to fund repair, renovation, and improvements to the Walter Washington Administration and Classroom Building at Alcorn State University
- Bonds may mature up to 25 years from date of issue and cannot be issued after July 1, 2029
- Creates a special fund designated "2025 Alcorn State University Walter Washington Administration and Classroom Building Fund" to receive bond proceeds and disburse them for project costs
- Pledges the full faith and credit of Mississippi to pay bond principal and interest, with any deficiency paid from the State Treasury
- Takes effect July 1, 2025
Legislative Description
Bonds; authorize issuance for improvements to Walter Washington Administration and Classroom Building at Alcorn State University.
Last Action
Died In Committee
2/26/2025
Committee Referrals
Finance1/20/2025
Full Bill Text
No bill text available