Bonds; authorize issuance for improvements to the K.L. Simmons Technology Building at Alcorn State University.

SB 2876 authorized the State of Mississippi to issue general obligation bonds for repairs, renovations, and upgrades to the K.L. Simmons Technology Building at Alcorn State University. The bill specifies that bond proceeds must fund only this building’s improvements, with repayment backed by the state’s full faith and credit over a maximum 25-year term. It died in the Finance Committee on February 26, 2025, meaning it did not become law and no funds were allocated. This is a procedural funding mechanism, not a policy change affecting broader public programs. The direct beneficiary would have been Alcorn State University’s technology building infrastructure.