The school board of any school district may borrow money for the purchase of school transportation equipment or to establish, erect and equip school bus shops or garages, and purchase land therefor, and issue the negotiable notes or bonds of the school district as evidence of the indebtedness so incurred.
Structure Mississippi Code
Chapter 41 - Transportation of Pupils
Purchase of School Transportation Equipment and Employment of Drivers
§ 37-41-81. General grant of authority
§ 37-41-83. Power to expend funds
§ 37-41-85. Purchases to be in manner prescribed by regulations
§ 37-41-89. Authority to borrow money
§ 37-41-91. Issuance of negotiable notes or bonds authorized
§ 37-41-93. Maturity; interest
§ 37-41-95. Manner of issuance and form thereof
§ 37-41-97. Deposit and use of proceeds
§ 37-41-99. Payment of principal and interest on notes and bonds
§ 37-41-103. Promulgation of rules and regulations by state board of education