Upon the issuance and sale of such bonds, the State Bond Commission shall transfer the proceeds of any such sale or sales to a special fund in the State Treasury to be known as the "Institute for Technology Development Fund." The proceeds of such bonds shall be used solely for the payment of the cost of the state's share of supporting the Institute for Technology Development, which shall include costs incident to the issuance and sale of such bonds, and shall be disbursed solely upon the order of the State Treasurer under such restrictions, if any, as may be contained in the resolution providing for the issuance of the bonds.
Structure Mississippi Code
Title 31 - Public Business, Bonds and Obligations
Chapter 29 - Institute for Technology Development
§ 31-29-5. Issuance of bonds; repayment; ad valorem tax on property
§ 31-29-7. Bonds to be negotiable instruments; bonds and income tax exempt
§ 31-29-9. Sale of bonds; price; notice of sale
§ 31-29-13. Right of holders of bonds or interest coupons
§ 31-29-15. Necessity of other proceedings or conditions for issuance of bonds; validation of bonds
§ 31-29-17. Bonds as legal investments and securities
§ 31-29-19. Authority for exercise of powers
§ 31-29-21. Withdrawal of funds from Institute for Technology Development Fund