Mississippi 2024 Regular Session

Mississippi Senate Bill SB2835

Introduced
2/19/24  
Refer
2/19/24  

Caption

Bonds; authorize issuance for improvements to the K.L. Simmons Technology Building at Alcorn State University.

Impact

The issuance of these bonds represents a significant investment in higher education infrastructure, specifically targeting the technological capabilities of Alcorn State University. By facilitating necessary upgrades, the bill aims to enhance educational opportunities and resources for students, potentially improving their academic and career prospects. The act promises to provide the necessary financial resources to modernize educational facilities, which is crucial in a competitive academic environment.

Summary

Senate Bill 2835 authorizes the issuance of state general obligation bonds to fund the repair, renovation, upgrades, and improvements to the K.L. Simmons Technology Building at Alcorn State University. The total amount of bonds issued under this act shall not exceed $7,475,000, and it includes provisions to fund costs associated with the project as well as provisions for the management of the funds raised through the issuance of these bonds. The act outlines the processes by which the bonds will be sold and the responsibilities of the State Bond Commission in this regard.

Contention

While there does not appear to be significant controversy surrounding SB2835, discussions surrounding bond issuance typically revolve around fiscal responsibility and the allocation of public funds. Stakeholders may raise concerns regarding the long-term implications of increasing state debt and the management of taxpayer funds associated with these bonds. Additionally, there might be discussions about the prioritization of funding for specific educational institutions versus broader educational needs across the state.

Companion Bills

No companion bills found.

Previously Filed As

MS HB189

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

MS HB1250

Bonds; authorize issuance for construction of building for School of Public Health at Jackson State University.

MS HB1350

Bonds; authorize issuance for various Alcorn State University projects.

MS HB123

Bonds; authorize issuance to assist Holmes County with improvements to county roads and buildings.

MS HB1352

Bonds; authorize issuance for improvement of student housing at Jackson State University.

MS HB1504

Bonds; authorize issuance to assist Claiborne County with improvements to county library building.

MS HB1359

Bonds; authoize issuance for improvements to the Dr. Timothy Burrow Multipurpose Building in Jonestown.

MS HB1538

Bonds; authorize issuance for improvments to Petal School District Central Office building.

MS HB1537

Bonds; authorize issuance for construction of a new Career Technology Education building at Forrest County Agricultural High School.

MS HB487

Bonds; authorize issuance to assist the Alfred Alleman VFW Post 2539 in Gulfport with improvements to Post building.

Similar Bills

MS SB2702

Mississippi Farm Reform Act; extend authority for issuance of general obligation bonds for Emerging Crops Fund.

MS HB1461

Local governments capital improvements revolving loan program; revise definition of "capital improvements", extend repealer on MDA authority to use certain funds for expenses.

MS SB2719

Workforce enhancement training fund; authorize use for workforce-related postsecondary education programs.

MS SB2286

Workforce Enhancement Training Fund contributions; provide for suspensions under certain circumstances.

MS HB1567

Workforce development; revise various provisions related to.

MS SB2856

Local Governments Capital Improvements Revolving Loan Program; include any project MDA deems a capital improvement.

MS HB965

Local Governments Capital Improvements Revolving Loan Fund; extend repealer on MDA authority to use funds for general support.

MS SB2764

Local Government Capital Improvements Revolving Loan Fund; extend repealer on MDA authority to use certain funds for expenses.