MS SB3038

Authorizes up to $10,475,000 in state general obligation bonds for repair, renovation, upgrades, and improvements to the K.L. Simmons Technology Building at Alcorn State University

Creates the "2026 Alcorn State University K.L. Simmons Technology Building Fund" as a special fund within the State Treasury to hold bond proceeds

Bonds may mature up to 25 years from date of issue, with interest payable semiannually or annually and exempt from all Mississippi state taxation

The State Bond Commission will oversee bond issuance, determining sale method, timing, and terms, with authority to sell through public sealed bids or negotiated sales

No bonds may be issued after July 1, 2030, and the act takes effect July 1, 2026