MS HB916

Authorizes issuance of up to $5,500,000 in state general obligation bonds to fund repairs, renovations, upgrades, and improvements to campus buildings, facilities, and infrastructure at Alcorn State University's Lorman, Vicksburg, and Natchez campuses

Creates the "2026 Alcorn State University Improvements Fund" as a special fund within the State Treasury to hold bond proceeds, with unexpended amounts and interest earnings retained in the fund rather than lapsing to the General Fund

Bonds may mature up to 25 years from date of issue and must be issued by July 1, 2030

Bonds are backed by the full faith and credit of the State of Mississippi and are exempt from all state taxation

Takes effect July 1, 2026