The bonds issued under the provisions of Sections 43-33-767 through 43-33-797 are general obligations of the State of Mississippi, and for the payment thereof the full faith and credit of the State of Mississippi is irrevocably pledged. If the funds appropriated by the Legislature are insufficient to pay the principal of and the interest on such bonds as they become due, then the deficiency shall be paid by the State Treasurer from any funds in the State Treasury not otherwise appropriated. All such bonds shall contain recitals on their faces substantially covering the provisions of this section.
Structure Mississippi Code
Chapter 33 - Housing and Housing Authorities
Article 11 - Mississippi Home Corporation Act
§ 43-33-702. Legislative findings
§ 43-33-705. Fiduciary bond; premiums
§ 43-33-721. Adoption of rules, regulations, resolutions and bylaws by corporation
§ 43-33-723. Prohibition against discrimination
§ 43-33-727. Mississippi Home Corporation Oversight Committee
§ 43-33-729. Issuance of negotiable bonds and notes; purpose
§ 43-33-729. Issuance of negotiable bonds and notes; purpose
§ 43-33-731. Form and content of bonds and notes
§ 43-33-733. Issuance of bonds or notes for refunding outstanding bonds or notes
§ 43-33-735. Pledge of earnings, revenues or other assets; liens
§ 43-33-739. Creation of debt service reserve funds
§ 43-33-741. Agreement by state not to alter vested rights
§ 43-33-743. Investment in sinking funds, monies or other funds
§ 43-33-751. Conflict of interest; disclosure
§ 43-33-753. Services of state officers and state agencies
§ 43-33-755. Preference of certain actions or proceedings questioning validity; venue
§ 43-33-757. Term of corporate existence; termination
§ 43-33-759. Mississippi Affordable Housing Development Fund; powers and duties
§ 43-33-761. Construction of Article in conjunction with other Code provisions
§ 43-33-763. Public official not to derive income from issuance of bonds
§ 43-33-765. Construction of Article
§ 43-33-769. Payment of principal and interest; bond specifications
§ 43-33-771. Signature on bonds; interest coupons
§ 43-33-773. Bonds and coupons are negotiable instruments
§ 43-33-775. Sale and form of bonds
§ 43-33-777. Bonds are general obligations of state
§ 43-33-779. Disposition of proceeds of sale of bonds
§ 43-33-781. Issuance of bonds
§ 43-33-783. Validation of bonds; notice
§ 43-33-785. Protection and enforcement of bond holders' rights
§ 43-33-787. Bonds are legal investments and legal securities
§ 43-33-789. Bonds and income tax exempt
§ 43-33-791. Use of bond proceeds
§ 43-33-793. Authorization to issue warrants for payment on bonds
§ 43-33-795. Progress report; annual fiscal reports
§ 43-33-797. Sections 43-33-767 through 43-33-797 give complete authority; effect on other laws