Upon the issuance and sale of bonds under the provisions of Sections 57-1-307 through 57-1-335, the State Bond Commission shall transfer the proceeds of any such sale or sales to the special fund created in Section 57-1-303. The proceeds of such bonds shall be disbursed solely upon the order of the Department of Economic and Community Development under such restrictions, if any, as may be contained in the resolution providing for the issuance of the bonds.
Structure Mississippi Code
Title 57 - Planning, Research and Development
Chapter 1 - Mississippi Development Authority
Local Governments Capital Improvements Revolving Loan Program
§ 57-1-305. General powers and duties of department
§ 57-1-309. Bonds; payment of principal and interest; details
§ 57-1-313. Bonds; negotiability
§ 57-1-315. Bonds; issuance and sale; redemption
§ 57-1-317. Bonds; general obligations of state
§ 57-1-319. Bonds; disposition of proceeds of sale
§ 57-1-321. Bonds; conditions for issuance
§ 57-1-325. Bonds; protection and enforcement of rights of holders
§ 57-1-327. Bonds; legal investments and legal securities
§ 57-1-329. Bonds; exemption from taxation
§ 57-1-331. Bonds; use of proceeds
§ 57-1-333. Bonds; issuance of warrants for payment
§ 57-1-335. Construction of Sections 57-1-307 through 57-1-335