MS SB3034

Authorizes issuance of up to $500,000 in state general obligation bonds to fund preplanning for repair, renovation, and improvements to the Walter Washington Administration and Classroom Building at Alcorn State University

Creates the "2026 Alcorn State University Walter Washington Administration and Classroom Building Preplanning Fund" as a special fund within the State Treasury to receive and disburse bond proceeds

Bonds may mature up to 25 years from date of issue, with interest payable semiannually or annually, and are backed by the full faith and credit of Mississippi

Bonds and income from them are exempt from all Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions

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