Upon the issuance and sale of bonds under this chapter, the State Bond Commission shall deposit the proceeds of any such sale or sales in a special fund created in the State Treasury to be known as the "Telecommunication Conference Center Fund." The proceeds of such bonds shall be used solely for the purposes provided in this chapter, including the costs incident to the issuance and sale of such bonds. The costs incident to the issuance and sale of such bonds shall be disbursed by warrant upon requisition of the State Bond Commission, signed by the chairman of the commission. The remaining monies in the Telecommunication Conference Center Fund shall be expended by the Mississippi Telecommunication Conference and Training Facility Commission under the direction of the Department of Finance and Administration under such restrictions, if any, as may be contained in the resolution providing for the issuance of the bonds, and such funds shall be paid by the State Treasurer upon warrants issued by the State Fiscal Officer.
Structure Mississippi Code
Title 31 - Public Business, Bonds and Obligations
Chapter 31 - Mississippi Telecommunications Conference and Training Center
§ 31-31-7. General powers and duties of commission
§ 31-31-9. Mississippi Telecommunications Conference and Training Center Fund
§ 31-31-19. Execution of bonds and coupons
§ 31-31-21. Negotiability of bonds and interest coupons; compliance with Uniform Commercial Code
§ 31-31-23. Issuance and sale of bonds by State Bond Commission
§ 31-31-25. Pledge of full faith and credit of state for payment of bonds
§ 31-31-27. Issuance of warrants for payment of bonds
§ 31-31-29. Telecommunication Conference Center Fund
§ 31-31-33. Validation of bonds
§ 31-31-35. Enforcement of rights by holders of bonds
§ 31-31-39. Exemption from taxation of bonds and income from bonds