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Read. Follow. Verify.Mississippi Proposes $5.5 Million in Bonds for Alcorn State University Campus Improvements
Last action · February 25, 2026: 02/25 (S) Died In CommitteeSponsors: Albert Butler and 2 others
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What This Bill Proposed
Senate Bill 3032 authorizes the issuance of up to $5.5 million in state to fund repairs, renovations, and infrastructure upgrades at Alcorn State University's Lorman, Vicksburg, and Natchez campuses, with no bonds to be issued after July 1, 2030.
The measure establishes a dedicated funding mechanism backed by state general obligations to finance capital projects across three university locations, affecting state debt levels and the physical infrastructure available to students and staff.
- Alcorn State University is a historically black land-grant university located in Lorman, Mississippi, with additional campuses in Vicksburg and Natchez. context
- State general obligation bonds are commonly utilized by Mississippi to fund capital improvement and infrastructure projects at public universities. context
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
Alcorn State University
Campus buildings, facilities, and infrastructure at its Lorman, Vicksburg, and Natchez locations are eligible for repair and renovation funding.
State Bond Commission
Acts as issuing agent for the bonds, determines sale methods, prescribes bond forms, and manages sales and validation.
State of Mississippi
Pledges its full faith and credit for the payment of principal and interest on the general obligation bonds.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What is the maximum amount of bonds that can be issued under Senate Bill 3032?
Which campuses are eligible to receive funding from this act?
What happens to any unspent money in the special fund at the end of the fiscal year?
What is the final deadline for issuing bonds under this legislation?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died in committee.
Procedural history
2 actions- Feb 25, 2026Senate02/25 (S) Died In Committee
- Feb 10, 2026SenateCommittee02/10 (S) Referred To Finance
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
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Connected Entities
Sources
billstatus.ls.state.ms.us
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 45)
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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