Bonds; authorize issuance for repair and renovation of buildings and facilities at Mississippi Valley State University.

HB 535 authorizes the State of Mississippi to issue general obligation bonds to fund repairs and renovations of campus buildings and facilities at Mississippi Valley State University (MVSU). The bill directly affects MVSU by providing state-funded capital for its infrastructure upgrades, with repayment backed by the full faith and credit of the state. Key mechanisms include the State Bond Commission managing the bond issuance process, sale, and disbursement of funds into a dedicated special account, and requiring state treasury funds to cover any payment shortfalls if legislative appropriations are insufficient. The bond proceeds must be used solely for the specified campus improvements at MVSU.