If it shall appear to the satisfaction of the state bond commission from the request provided for in Section 37-47-35:
That the estimate of the needs for the then current fiscal year as shown pursuant to the requirement of Section 37-47-35, requires bonds to be issued in the amount requested; and
That the issue will be within the limitations prescribed by Section 37-47-33;
then it shall be the duty of the state bond commission to issue state school bonds in accordance with said request.
Structure Mississippi Code
Chapter 47 - State Aid for Construction of School Facilities
§ 37-47-1. Administration of chapter
§ 37-47-3. "School district" defined
§ 37-47-5. "Capital improvement" defined
§ 37-47-7. State public school building fund created
§ 37-47-9. Annual grants by state
§ 37-47-11. Order of priority of disposition of funds
§ 37-47-13. Certificates of credit
§ 37-47-15. Approval of use of grants; surveys and plans
§ 37-47-17. Applications for expenditures
§ 37-47-19. Withdrawal of funds from public school building fund upon approval of expenditures
§ 37-47-21. Disposition of funds credited to school district which fails to apply for expenditure
§ 37-47-23. Effect of insufficient funds in public school building fund
§ 37-47-25. Loans for capital improvements
§ 37-47-27. Requirement of contracts for capital improvements
§ 37-47-29. Awarding of contracts for capital improvements
§ 37-47-31. Continuation and functions of state bond commission
§ 37-47-35. Request for issuance of bonds
§ 37-47-37. Prerequisites to issuance of bonds
§ 37-47-39. Full faith and credit of state pledged to pay bonds
§ 37-47-41. Execution of bonds; form, terms and conditions; redemption
§ 37-47-43. Printing of bonds; denominations; interest
§ 37-47-47. Sale of bonds; disposition of proceeds of sale
§ 37-47-49. Interim certificates; supplemental powers conferred in issuance of bonds
§ 37-47-51. Negotiability of bonds and interim certificates
§ 37-47-53. Exemption from taxation of bonds and interim certificates
§ 37-47-55. Duties of state treasurer
§ 37-47-57. Payment of expenses of bond commission
§ 37-47-59. Validation of bond issues
§ 37-47-63. Construction of chapter; contract between bondholders and state
§ 37-47-65. Construction of chapter; power of school districts to raise funds