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Mississippi authorizes $11.9 million in bonds to build Alcorn State University STEAM Center

Original title: Bonds; authorize for construction of a Science, Technology, Engineering, Agriculture and Math Center 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

The Mississippi Legislature proposed authorizing up to $11,917,500 in state to fund the construction, furnishing, and equipping of a Science, Technology, Engineering, Agriculture and Math (STEAM) Outreach Center at Alcorn State University, with bonds issuable through July 1, 2030, and taking effect on July 1, 2026.

Why it matters

Authorizes state debt issuance up to $11,917,500 to finance capital improvements at Alcorn State University, creating a dedicated special fund for project costs and requiring remaining unspent bond proceeds to pay debt service.

Background
  • State general obligation bonds are debt instruments issued by governments to fund capital projects, backed by the full faith and credit of the issuing entity. context
  • Alcorn State University is a historically black land-grant university located in Claiborne County, 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

Receives bond proceeds for the construction, furnishing, and equipping of a new STEAM Outreach Center.

Directly affected

State of Mississippi taxpayers

Backs the general obligation bonds with the full faith and credit of the state and funds potential debt service deficiencies.

Directly affected

Holders of bonds and interest coupons

Receive tax-exempt income, legal investment status, and statutory protections to enforce bond payments.

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 total amount of bonds authorized by this measure?
The total amount of bonds issued shall not exceed Eleven Million Nine Hundred Seventeen Thousand Five Hundred Dollars ($11,917,500.00).
When is the deadline to issue these bonds?
No bonds may be issued under this act after July 1, 2030.

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

Alcorn State University, State Bond Commission, Chancery Court of the First Judicial District of Hinds County, Mississippi and 2 more
OrganizationAlcorn State University“Recipient of bond proceeds for constructing a STEAM Outreach Center”Map →
OrganizationState Bond Commission“Issuing agent for the bonds authorized under this act”Map →
OrganizationState Treasurer“Responsible for maintaining special funds and certifying necessity for warrants”Map →
OrganizationDepartment of Finance and Administration“Authorized to disburse monies from the special fund and issue warrants”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 50)
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz20
    Current news / social attention level

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