The State Treasurer is authorized to certify to the Department of Finance and Administration the necessity for warrants, and the Executive Director of the Department of Finance and Administration is authorized and directed to issue such warrants, in such amounts as may be necessary to pay when due the principal of, premium, if any, and interest on, or the accreted value of, all bonds issued under Sections 57-44-11 through 57-44-39; and the State Treasurer shall forward the necessary amount to the designated place or places of payment of such bonds in ample time to discharge such bonds, or the interest thereon, on the due dates thereof.
Structure Mississippi Code
Title 57 - Planning, Research and Development
Chapter 44 - Local Governments Freight Rail Service Projects
§ 57-44-1. Legislative findings and declaration of purpose
§ 57-44-5. Establishment of local governments freight rail service revolving loan program
§ 57-44-9. General powers and duties of Department of Economic and Community Development
§ 57-44-13. Interest rates, maturity, and form of bonds
§ 57-44-15. Execution of bonds and interest coupons
§ 57-44-21. Payment of principal and interest on bonds
§ 57-44-23. Disposition of proceeds from sale of bonds
§ 57-44-27. Validation of bonds
§ 57-44-29. Enforcement of rights of holders of bonds or coupons
§ 57-44-31. Bonds deemed legal investments and securities
§ 57-44-33. Exemption from taxation of bonds