Mississippi Legislature authorizes $5.5 million in general obligation bonds for Alcorn State University campus improvements

Original title: Bonds; authorize issuance for improvements at all Alcorn State University campuses.

Last action · February 25, 2026: 02/25 (H) Died In CommitteeSponsors: Jeffery Harness and 9 others

Companion · SB 3032same policy, Senate version

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

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What This Bill Proposed

House Bill 916 authorizes up to $5.5 million in state to fund repairs, renovations, and infrastructure upgrades across the Lorman, Vicksburg, and Natchez campuses of Alcorn State University, taking effect July 1, 2026.

Why it matters

Provides up to $5.5 million in capital financing for physical infrastructure upgrades at three Alcorn State University campus locations through state-backed borrowing.

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 and funding for campus building and infrastructure improvements across its Lorman, Vicksburg, and Natchez campuses.

Directly affected

State Bond Commission

Acts as issuing agent for the bonds, responsible for prescribing form, method of sale, and executing the bond issuance.

Directly affected

Department of Finance and Administration

Disburses funds from the special fund for campus projects and requests necessary warrants from the State Treasurer to pay bond debt service.

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 purpose of the bonds authorized by House Bill 916?

The bond proceeds are to be used exclusively for repair, renovation, upgrades, and campus building and infrastructure improvements at Alcorn State University's Lorman, Vicksburg, and Natchez campuses.

What is the maximum amount of bonds that can be issued?

The total amount of bonds issued under this act cannot exceed $5,500,000.

Is there a deadline for issuing these bonds?

Yes, no bonds can be issued under this act after July 1, 2030.

What else do you want to know?

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Where This Stands

This bill did not become law - Died in committee.

Procedural history

2 actions

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

Version history

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