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

HB 924 authorizes Mississippi to issue state general obligation bonds to cover preplanning costs for repairs, renovations, and upgrades to the Walter Washington Administration and Classroom Building at Alcorn State University. The bill creates a special fund to disburse bond proceeds specifically for these preplanning activities, not the physical construction work. The bonds would be backed by the full faith and credit of the State of Mississippi, with repayment secured through state treasury funds if needed. This legislation directly affects Alcorn State University’s infrastructure planning and the state’s budget for higher education capital projects.