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Did Not Advance

Mississippi Legislature authorizes $570,000 in general obligation bonds for Alcorn State University agricultural facilities

Original title: Bonds; authorize issuance for agricultural facilities infrastructure upgrade at Alcorn State University.

Last action · February 25, 2026: 02/25 (S) Died In CommitteeSponsors: Albert Butler and 2 others

Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Proposed

Official description

AN ACT TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO PAY THE COSTS ASSOCIATED WITH REPAIR AND RENOVATION OF AND UPGRADES AND IMPROVEMENTS TO AGRICULTURAL FACILITIES ENVELOPE AND INFRASTRUCTURE AT ALCORN STATE UNIVERSITY; AND FOR RELATED PURPOSES.

Why it matters

The measure establishes a dedicated funding stream capped at $570,000 specifically for capital improvements to agricultural buildings and infrastructure at Alcorn State University, backed by the full faith and credit of the state.

Background
  • Alcorn State University is a historically black land-grant university located in Mississippi. 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.

Directly affected

Alcorn State University

Agricultural facilities and infrastructure at the university are designated to receive repair, renovation, and upgrade funds.

Directly affected

State Bond Commission

Acts as the issuing agent to prescribe bond forms, determine sale methods, and issue the authorized 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 this act?
The total amount of bonds issued under the act shall not exceed $570,000.00.
What is the deadline for issuing these bonds?
No bonds shall be issued under the act after July 1, 2030.
Who manages the special fund created for these bond proceeds?
The fund is maintained by the State Treasurer as a separate and special fund, and monies are disbursed at the discretion of the Department of Finance and Administration.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Where This Stands

This bill did not become law - Died in committee.

Procedural history

2 actions
  1. Feb 25, 2026Senate
    02/25 (S) Died In Committee
  2. Feb 10, 2026SenateCommittee
    02/10 (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

Connected Entities

Hinds County, Alcorn State University, State Bond Commission and 4 more
locationHinds County“Location of the Chancery Court for bond validation”Map →
OrganizationAlcorn State University“Recipient of bond proceeds for agricultural facilities upgrade”Map →
OrganizationState Bond Commission“Issuing agent for the general obligation bonds”Map →
locationState of Mississippi“Issuing government entity”Map →
OrganizationState Treasurer“Maintains special fund and certifies necessary warrants”Map →
locationJackson“City where bond sale notices and validation notices are published”Map →
OrganizationDepartment of Finance and Administration“Disburses funds and requests warrants for debt payment”Map →

Sources

Open source document

billstatus.ls.state.ms.us

Analysis Score

0–100
  • Significance20
    Lowered because this bill did not pass (its text scored 35)
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz15
    Current news / social attention level

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