MS HB905

Authorizes issuance of up to $6,000,000 in state general obligation bonds for repair, renovation, expansion, upgrades, and improvements to the David L. Whitney (HPER) Arena Complex and Wellness Center at Alcorn State University

Creates the "2026 Alcorn State University Improvements Fund" as a special fund within the State Treasury to receive and disburse bond proceeds

Bonds may have a maximum maturity of 25 years from date of issue and are backed by the full faith and credit of the State of Mississippi

Bonds and income from them are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies

No bonds may be issued under this act after July 1, 2030; the act takes effect July 1, 2026