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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 (H) Died In CommitteeSponsors: Jeffery Harness and 9 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 mechanism backed by the state's full faith and credit to finance capital improvements for university agricultural infrastructure, affecting state debt allocation and campus facilities.

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

Receives bond proceeds for repair, renovation, and infrastructure upgrades to its agricultural facilities.

Directly affected

State Bond Commission

Acts as issuing agent, determines sale methods, and prescribes the form of the general obligation bonds.

Directly affected

State of Mississippi taxpayers

Provide the full faith and credit backing for the general obligation bonds and any deficiency payments from unappropriated treasury funds.

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 bill?
The total amount of bonds issued under this act shall not exceed Five Hundred Seventy Thousand Dollars ($570,000.00).
What is the deadline for issuing bonds under this legislation?
No bonds shall be issued under Section 2 of the act after July 1, 2030.
Are the bonds and their income subject to state taxation?
No, bonds issued under this act and the income derived from them are exempt from all taxation in the State of Mississippi.

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, 2026House
    02/25 (H) Died In Committee
  2. Jan 16, 2026HouseCommittee
    01/16 (H) Referred To Ways and Means

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 5 more
locationHinds County“Location of the chancery court for bond validation”Map →
OrganizationAlcorn State University“Recipient institution for facility upgrade bond funds”Map →
OrganizationState Bond Commission“Issuing agent for the authorized general obligation bonds”Map →
locationMississippi“State issuing the bonds”Map →
OrganizationChancery Court of the First Judicial District of Hinds County, Mississippi“Court designated for bond validation proceedings”Map →
OrganizationState Treasurer“Maintains the special fund and certifies warrants for bond debt service”Map →
locationJackson“City where public sale and taxpayer notices are published”Map →
OrganizationDepartment of Finance and Administration“Disburses funds from the special treasury fund and requests warrant issuance”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 25)
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz15
    Current news / social attention level

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