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MS HB1834
Bill
Status
2/25/2026
Primary Sponsor
John Hines
Click for details
AI Summary
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Authorizes up to $500,000,000 in state general obligation bonds to fund capital improvements at Mississippi's three public historically Black universities: Jackson State University (25%), Alcorn State University (35%), and Mississippi Valley State University (40%)
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Eligible projects include deferred maintenance, STEM and research facilities, residence hall construction and modernization, campus safety systems, energy efficiency upgrades, ADA compliance renovations, and water/sewer infrastructure replacements
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Creates the "2026 HBCU Reinvestment Bond Fund" as a special fund within the State Treasury, with unexpended amounts carrying over between fiscal years rather than lapsing to the General Fund
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Bonds may mature up to 25 years from date of issue, are exempt from all Mississippi taxation, and are backed by the full faith and credit of the state
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No bonds may be issued under this act after July 1, 2036
Legislative Description
Bonds; authorize issuance for improvements at Alcorn State University, Jackson State University and Mississippi Valley State University.
Last Action
Died In Committee
2/25/2026