In the event that bonds shall have been authorized for projects determined by the board of trustees and such bonds validated, the board of trustees is authorized to utilize any available funds for the immediate commencement of such project and to reimburse the funds from which any such expenditures are made from the proceeds of the bonds when the same are received.
Structure Mississippi Code
Borrowing of Money; Issuance of Bonds
§ 37-29-103. Long-term borrowing; procedure
§ 37-29-107. Issuance of bonds for dormitories and other housing facilities
§ 37-29-109. Resolution authorizing issuance of bonds; bond provisions; sale
§ 37-29-111. When bonds may be refunded
§ 37-29-115. Securing payment of bonds
§ 37-29-117. Actions or proceedings by bondholders
§ 37-29-119. Full faith and credit of state not pledged to payment of bonds
§ 37-29-121. Junior college district may borrow not to exceed $50,000 for housing facilities
§ 37-29-123. Declaration of intention to borrow; issuance of notes; repayment
§ 37-29-125. Board of trustees to fix and collect fees, rents and charges; disposition of monies