Bonds; authorize issuance for improvements at Alcorn State University, Jackson State University and Mississippi Valley State University.

HB 136 authorizes Mississippi to issue state general obligation bonds to fund repairs, renovations, and upgrades of campus buildings, facilities, and infrastructure at Alcorn State University, Jackson State University, and Mississippi Valley State University. The bill establishes that the bonds are backed by the full faith and credit of the State of Mississippi, with proceeds exclusively used for these specific university projects. The State Bond Commission manages the bond issuance, sale, and disbursement of funds into a dedicated special fund. This legislation directly affects the three public universities by providing dedicated funding for their physical infrastructure improvements.