MS HB136

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

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

Creates the "2026 Alcorn State University, Jackson State University and Mississippi Valley State University Improvements Fund" as a special fund within the State Treasury

Bonds must be issued by July 1, 2030, with a maximum maturity of 25 years, and are backed by the full faith and credit of Mississippi

Unused funds must be accounted for within four years; upon project completion or abandonment, remaining amounts apply to bond debt service