Bonds; authorize issuance for preplanning improvements to Walter Washington Administration and Classroom Building at Alcorn State University.

SB 3034 authorizes Mississippi to issue state general obligation bonds specifically for preplanning costs associated with repairing, renovating, and upgrading the Walter Washington Administration and Classroom Building at Alcorn State University. The bill establishes a process for the State Bond Commission to issue, sell, and manage these bonds, with proceeds deposited into a dedicated special fund. The direct beneficiary is Alcorn State University, as the funds will cover preplanning expenses for the building improvements. This is a funding mechanism bill focused solely on enabling future construction planning, not on the construction itself.