Any municipality having surplus sinking funds under the provisions of Sections 57-1-1 through 57-1-51 may, in the discretion of the governing board of such municipality, invest said sinking funds by purchasing bonds of any county or municipality of this state, bonds of the State of Mississippi, or bonds issued by authority of the United States government, except drainage district bonds, provided, that the bonds so purchased shall mature prior to the time when the bonds payable out of the sinking fund hereunder shall fall due.
Structure Mississippi Code
Title 57 - Planning, Research and Development
Chapter 1 - Mississippi Development Authority
§ 57-1-1. Declaration of public policy
§ 57-1-3. Mississippi Development Authority seal
§ 57-1-7. Department motor vehicle insurance
§ 57-1-11. Rules and regulations
§ 57-1-13. Plans for advertising and developing state
§ 57-1-15. Interstate and federal cooperation; Economic Development Fund
§ 57-1-17. Publicity and advertising; research laboratory
§ 57-1-19. Municipal enterprises; certificate of public convenience and necessity
§ 57-1-21. Municipal enterprises; issuance of certificate
§ 57-1-25. Municipal enterprises; election
§ 57-1-27. Bonds and certain contracts subject to approval of executive director
§ 57-1-29. Issuance of municipal bonds; form; terms; tax levy
§ 57-1-31. Compensation of attorneys employed in issuance of bonds
§ 57-1-33. Duties of executive director as to issuance of bonds
§ 57-1-37. Issuance of additional bonds by municipality
§ 57-1-39. Exemption from taxation of bonds
§ 57-1-41. Investment of surplus sinking funds in bonds
§ 57-1-43. Payment and retirement of bonds; use of surplus income
§ 57-1-45. Sale, lease, etc., of municipal enterprises
§ 57-1-47. Municipal enterprises exempt from taxation
§ 57-1-49. Assistance by port authorities
§ 57-1-51. Construction of Sections 57-1-1 through 57-1-51
§ 57-1-56. Occupational Information Coordinating Committee
§ 57-1-57. Study to determine existence of disparity in number of qualified minority contractors
§ 57-1-59. General powers and duties of Mississippi Development Authority with respect to tourism
§ 57-1-60. Grants to finance, promote and advertise local tourist attractions
§ 57-1-65. General powers and duties with respect to marketing
§ 57-1-67. Planning and development district offices and directors
§ 57-1-68. Program of grants to finance and promote local economic development