Bonds; authorize issuance for improvements at Alcorn State University.

SB 2871 would authorize the State of Mississippi to issue general obligation bonds to fund repairs and renovations at Alcorn State University specifically for making buildings and facilities compliant with the Americans with Disabilities Act (ADA). The bonds, backed by the state's full credit, would be used exclusively for these accessibility improvements, with proceeds restricted to this purpose only. The bill outlines the bond issuance process, including interest rate limits, repayment terms, and procedures for sale and disbursement, ensuring funds are spent solely on ADA compliance work at the university.