There is hereby created a commission to be known as as the "State Bond Commission" (hereinafter referred to as the "commission"), which shall consist of the Governor, Attorney General and Treasurer of the State of Mississippi. The Governor shall act as chairman of the commission, the Attorney General shall act as secretary of the commission, and the State Treasurer shall be treasurer of the commission. The successive incumbents in the offices of Governor, Attorney General and State Treasurer shall succeed their predecessors as members of the commission upon assumption of their duties and the completion of their oaths of office. The powers of the commission shall be vested in and exercised by a majority of the members of the commission. The commission may delegate to one or more of its members, or to its officers, agents and employees, such powers and duties as it may deem proper, and may adopt rules for the conduct of its business.
Structure Mississippi Code
Title 31 - Public Business, Bonds and Obligations
Chapter 17 - State Bonds; Retirement of Bonds
State Bond Commission; Notes to Maintain Working Balance in General Fund
§ 31-17-101. State Bond Commission; members; delegation of powers and duties; adoption of rules
§ 31-17-107. Full faith and credit of state pledged on notes
§ 31-17-111. Commission to fix terms and details of notes and provide for issuance
§ 31-17-113. Use of proceeds limited to purposes provided
§ 31-17-117. Notes and interim certificates to be fully negotiable
§ 31-17-119. Taxation of notes, interest and income
§ 31-17-121. State treasurer to keep records of notes issued
§ 31-17-125. Authority to borrow money and funds
§ 31-17-127. Bonds for cost of Four-Lane Highway Program; Four-Lane Highway Trust Fund