It is hereby declared as a matter of express legislative determination that, for the benefit of the people of the State of Mississippi and for the increase of their commerce, welfare and prosperity and for the improvement of their health and living conditions, it is essential that this and future generations of youth be given the fullest opportunity to learn and to develop their intellectual and mental capacities; that it is essential that institutions of higher learning within the State of Mississippi be provided with appropriate additional means to assist such youth in achieving the required levels of learning and development of their intellectual and mental capacities; and that it is the public purpose of this chapter to provide a measure of assistance and an alternative method to enable institutions of higher learning in the State of Mississippi to provide the educational facilities and structures which are sorely needed to assist the youth of this state in achieving the required levels of learning and development of their intellectual and mental capacities, to the benefit of all of the people of the State of Mississippi.
Structure Mississippi Code
§ 37-104-3. Legislative determination; declaration of purpose
§ 37-104-7. Creation of Authority; nature and administration
§ 37-104-9. General powers of Authority
§ 37-104-11. Payment of expenses; liability
§ 37-104-13. Declaration of need by private institution
§ 37-104-15. Investigation by Authority
§ 37-104-17. Issuance of revenue bonds
§ 37-104-19. Bond loan agreement
§ 37-104-21. Negotiability of bonds and coupons; tax exemption
§ 37-104-25. Disposition of sale proceeds; issuance of additional revenue bonds
§ 37-104-27. Proceedings and conditions for issuance of bonds; validation
§ 37-104-29. Liability of state on bonds
§ 37-104-31. Allocation of payments by private institutions; sinking fund
§ 37-104-33. Rights of bond and coupon holders
§ 37-104-35. Issuance of refunding bonds
§ 37-104-37. Bonds as legal investments and securities
§ 37-104-39. Acceptance of grants, loans, aid, or contributions
§ 37-104-41. Monies received deemed trust funds
§ 37-104-43. Withdrawals from Educational Facilities Authority Fund