All bonds issued by the authority shall be and are hereby declared to be legal and authorized investments for public funds of counties, cities, towns, school districts, banks, savings banks, trust companies, building and loan associations, savings and loan associations, insurance companies, and for funds of the Mississippi Public Employees' Retirement System. Such bonds shall be eligible to secure the deposit of any and all public funds of cities, towns, villages, counties, school districts, or other political corporations or subdivisions of the State of Mississippi; and such bonds shall be lawful and sufficient security for said deposits to the extent of their value, when accompanied by all unmatured coupons appurtenant thereto.
Structure Mississippi Code
Title 65 - Highways, Bridges and Ferries
Chapter 13 - Highway and Street Revenue Bond Authority
§ 65-13-5. Legislative determination
§ 65-13-9. Certain governmental bodies empowered to create or join authority
§ 65-13-11. Petition for creation of authority
§ 65-13-13. Notice of public hearing on petition
§ 65-13-15. Finding of public convenience and necessity
§ 65-13-17. Publication of resolution declaring intent to create authority
§ 65-13-19. Protest petition and election
§ 65-13-23. Appeals to circuit court
§ 65-13-29. Compensation of trustees
§ 65-13-31. Powers of the authority
§ 65-13-33. Authority to issue bonds
§ 65-13-35. Security for bonds
§ 65-13-37. General provisions for bonds
§ 65-13-39. Validation of bonds
§ 65-13-41. Bonds as legal investments for public funds
§ 65-13-43. Levy of assessments in lieu of tolls
§ 65-13-45. Authority may act jointly with other governmental bodies
§ 65-13-47. Bond interest tax exempt
§ 65-13-49. Construction contracts
§ 65-13-51. Designation of depository
§ 65-13-53. Cessation of tolls or assessments
§ 65-13-55. Authority's procedures to conform to constitutions