Bonds; authorize issuance for housing improvements at Alcorn State University.

This bill authorizes the Mississippi State Bond Commission to issue state general obligation bonds to fund the construction and equipping of new housing facilities for faculty and staff at Alcorn State University. The legislation establishes the legal framework for selling these bonds, including provisions for interest rates, repayment terms up to 25 years, and the authority to sell through public bidding or negotiated sales. Once issued, the bond proceeds will be placed in a special fund to cover construction costs, with the full faith and credit of the state pledged for repayment. The bill requires standard legal procedures such as court validation and public notice of sales in Jackson newspapers.