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SB 2876

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

2025 Regular Session Introduced by Gary Brumfield and 2 co-sponsors

SB 2876 would authorize issuing bonds to finance renovations to Alcorn State University's K.L. Simmons Technology Building, funding campus improvements and local construction work.

Died In Committee
#finance
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Bill Summary · SB 2876

Summary — SB 2876 (2025)

Title: Bonds; authorize issuance for improvements to the K.L. Simmons Technology Building at Alcorn State University
Status (as provided): Died In Committee
Introduced: March 14, 2025
Subject: Finance / Capital financing (local)

Purpose and intent

SB 2876 would authorize the issuance of bonds to fund capital improvements to the K.L. Simmons Technology Building at Alcorn State University. The bill is a project-specific (local) capital-financing measure intended to provide financing for renovation, modernization, or other improvements to that campus facility.

Key provisions (based on available information)

  • Authorizes issuance of bonds to finance improvements to the K.L. Simmons Technology Building at Alcorn State University.
  • Classified as a finance (bonding) bill and treated as a local/uncontested measure in committee action.
  • No text or fiscal details (bond amount, repayment source, term, or precise scope of work) were provided in the document supplied.

Because the bill text is not included, specifics such as dollar amounts, repayment source (state general obligation vs. special revenue or university-backed bonds), timeline for project work, and any matching-fund or oversight provisions are not available.

Who would be affected

  • Primary beneficiary: Alcorn State University (improved academic/technology facilities).
  • Direct impacts: students and faculty who use the K.L. Simmons Technology Building; university facilities management.
  • Economic effects: local construction firms and workers during renovation; potential small fiscal impact to the state or university depending on how the bond is structured.
  • Taxpayers: possible indirect impact if bonds are state-backed or otherwise supported by public funds; impact depends on bond terms (not specified).

Legislative history and procedural notes

  • Filed / Received by Secretary of the Senate: March 14, 2025.
  • Referred to Finance (and later to other committees such as Criminal Justice and State Affairs per the record).
  • Multiple committee hearings: testimony and votes recorded April 14–16, 2025.
  • Committee report: Reported favorably without amendments and recommended for the Local & Uncontested Calendar (April 22, 2025).
  • Final status in the provided record: Died In Committee (date listed as February 26, 2025), which conflicts with later committee activity in April. The source record appears internally inconsistent about final disposition.

Notes / next steps

  • The bill lacks published text and a fiscal note in the supplied materials. For a complete assessment, obtain the bill text, a legislative fiscal note (bond amount, repayment plan), and the project scope/schedule.
  • If reintroduced, clarity on funding mechanism and oversight would determine net fiscal impact.

Compiled from official sources — confirm details with the bill’s official record.

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