All proposals or bids shall be submitted to the authority in a sealed envelope and subsequently opened publicly at the time and place stated in the notice of sale, and each bid shall be publicly announced at the time of opening of bids. A determination with respect to acceptance of a bid shall be made promptly after receipt of bids and, if a bid is accepted, a prompt award of the bonds or notes shall be made in writing to the successful bidder.
Bonds and notes shall be awarded to the bidder whose bid specifies the lowest maximum interest cost.
Any premium must be paid in bank funds as a part of the purchase price. Bids shall not contemplate the cancellation of any interest coupon or the waiver of interest or other concession by the bidder as a substitute for bank funds.
Structure Mississippi Code
Chapter 3 - Airport Authorities
§ 61-3-5. Creation of municipal airport authority; applicability
§ 61-3-8. Government of regional airport authority located within two or more judicial districts
§ 61-3-9. Certificate of incorporation of regional airport authority
§ 61-3-11. Proof of existence and authority of airport authority
§ 61-3-15. General powers of authority
§ 61-3-17. Exercise of power of eminent domain
§ 61-3-19. Disposal of airport property
§ 61-3-21. Operation and use privileges; exemption from taxation
§ 61-3-23. Promulgation, repeal, etc., of resolutions, rules, regulations, orders and standards
§ 61-3-25. Acceptance of federal and state aid; designation of agent
§ 61-3-27. Issuance of bonds; attorneys' services
§ 61-3-29. Issuance of bonds; authorization resolution
§ 61-3-31. Grounds for contesting validation of bonds
§ 61-3-33. Conclusiveness of authority's classification of project and period of usefulness
§ 61-3-35. Notice of sale of bonds
§ 61-3-37. Opening and award of bids; payment of premium
§ 61-3-41. Interest on bonds; details of bonds generally
§ 61-3-45. Form of bonds and notes; registration
§ 61-3-47. Redemption of bonds and notes
§ 61-3-49. Securing of bond by trust agreement
§ 61-3-51. Lien on revenues pledged to payment of bonds
§ 61-3-55. Redemption of bonds and notes
§ 61-3-57. Negotiability of bonds, notes and coupons
§ 61-3-59. Bonds not to be delivered until validated
§ 61-3-61. Exemption from taxation of interest on bonds and notes
§ 61-3-63. Factors to be considered by authority in determining cost of project
§ 61-3-67. Joint operations; authorization
§ 61-3-69. Joint operations; agreement
§ 61-3-71. Joint operations; joint board generally
§ 61-3-73. Joint operations; limitation of powers of joint board
§ 61-3-75. Joint operations; joint fund
§ 61-3-77. Exemption from taxation of airport property and income
§ 61-3-79. Municipal cooperation with authority
§ 61-3-81. Effect of chapter upon municipal airport zoning regulation
§ 61-3-83. Acquisition, etc., of airports, air navigation facilities, etc.; tort liability
§ 61-3-85. Certain persons prohibited from deriving income from issuance of bonds