The Soil and Water Conservation Commission shall retain title to each piece of heavy or specialized machinery or equipment so purchased and made available to any soil and water conservation district until such time as the district fully amortizes the commission's investment in such machinery or equipment. After the commission's investment in such machinery or equipment has been fully amortized, it is authorized and empowered to transfer the title thereto to the district.
Structure Mississippi Code
Title 69 - Agriculture, Horticulture, and Animals
Chapter 27 - Soil Conservation
§ 69-27-333. Commission to retain title to machinery and equipment
§ 69-27-335. Record keeping requirements; inventory of equipment
§ 69-27-337. Payment of amortized rental fees; collection of delinquent payments; deposit of funds
§ 69-27-339. Conservation districts authorized to obtain machinery or equipment in combination
§ 69-27-341. Commission authorized to promulgate rules and regulations
§ 69-27-345. Authority to issue bonds to fund revolving fund
§ 69-27-347. State's full faith and credit pledged; repayment of bonds
§ 69-27-349. Terms of bonds; sale of bonds; expenses of issuance
§ 69-27-351. Interest on bonds; maturity of bonds
§ 69-27-353. Notice of sale of bonds
§ 69-27-355. Execution of bonds; signatures on bonds
§ 69-27-357. Deposit of proceeds of bonds; disbursements
§ 69-27-359. Attorney General to represent Bond Commission in issuing bonds; payment of costs
§ 69-27-361. Bonds as legal investments
§ 69-27-363. Bonds and income exempt from certain taxes
§ 69-27-365. Sections 69-27-345 through 69-27-363 as complete authority for issuance of bonds