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Read. Follow. Verify.Mississippi authorizes $11.9 million in bonds to build Alcorn State University STEAM Center
Last action · February 25, 2026: 02/25 (S) Died In CommitteeSponsors: Albert Butler and 2 others
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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.
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.
- 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.
Alcorn State University
Receives bond proceeds for the construction, furnishing, and equipping of a new STEAM Outreach Center.
State of Mississippi taxpayers
Backs the general obligation bonds with the full faith and credit of the state and funds potential debt service deficiencies.
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?
When is the deadline to issue these bonds?
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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
Connected Entities
Sources
billstatus.ls.state.ms.us
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 50)
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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