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

HB 259 authorizes Mississippi to issue state-backed bonds to fund repairs and renovations of campus buildings and facilities at Mississippi Valley State University (MVSU). The bill directs that bond proceeds must be used exclusively for these specific facility improvements, with the State Treasurer responsible for paying bond principal and interest using general state funds if needed. Key provisions include requiring the State Bond Commission to manage the bond sale process, ensuring funds are restricted to MVSU campus projects, and exempting the bonds from state taxation. This legislation directly affects MVSU by providing dedicated funding for physical infrastructure upgrades.