All funds of the authority shall be deposited in the bank or banks utilized as depositories for other sixteenth section funds.
Structure Mississippi Code
Title 29 - Public Lands, Buildings and Property
Chapter 3 - Sixteenth Section and Lieu Lands
Sixteenth Section Development Authorities
§ 29-3-151. Declaration of purpose
§ 29-3-157. Selection of trustees of authority; vacancies; qualifications; compensation
§ 29-3-159. General powers of authority
§ 29-3-161. Issuance of bonds authorized
§ 29-3-163. Payments on bonds when net revenues are insufficient
§ 29-3-167. Issuance of bonds to defray expenses of authority
§ 29-3-169. General terms and conditions as to bonds
§ 29-3-171. Validation of bonds
§ 29-3-173. Cooperation with other governmental agencies
§ 29-3-174. Immunity from tort actions except for wilful or gross negligence
§ 29-3-175. Exemptions from state taxation
§ 29-3-177. Bonds as legal investments and as security for deposits of public funds
§ 29-3-179. Construction contracts
§ 29-3-181. Deposit of authority's funds
§ 29-3-183. Bond proceeds may be utilized to pay preliminary expenses