MS SB3039

Authorizes issuance of up to $5,000,000 in state general obligation bonds to fund repairs, renovations, upgrades, and improvements to Revels Hall and Robinson Hall at Alcorn State University

Creates the "2026 Alcorn State University Revels and Robinson Halls Improvements Fund" as a special fund within the State Treasury to hold 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 Mississippi 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, with the act taking effect July 1, 2026