There is established a local governments freight rail service project revolving loan program to be administered by the Department of Economic and Community Development for the purpose of making loans to counties and municipalities that the governing authorities of such counties and municipalities may utilize to make loans to railroad corporations for freight rail service projects.
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