Nothing in this chapter shall be construed to prohibit a school district from issuing its bonds, negotiable notes, or certificates of indebtedness for the purposes, in the manner, to the extent, and subject to the limitations provided by Sections 37-59-1 through 37-59-45, or any other applicable sections, and the authority granted by this chapter shall be construed as being additional, supplemental, and cumulative thereto. The proceeds of the sale of any such bonds, negotiable notes, or certificates of indebtedness so issued by any such school district may be used for the purpose for which they were issued and may be expended in conjunction with funds provided by the state educational finance commission under the provisions of this chapter, or may be expended without such funds, if same be not available.
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