Mississippi Code
Title 31 - Public Business, Bonds and Obligations
Chapter 25 - Mississippi Development Bank Act

Article 1 - General Provisions

§ 31-25-1. Short title - This act may be referred to and cited as the...

§ 31-25-3. Legislative intent; construction - It is hereby determined and declared to be the policy...

§ 31-25-5. Definitions - As used in this act, the following words and terms...

§ 31-25-7. Mississippi Development Bank created - There is hereby created an independent public body corporate and...

§ 31-25-9. Bank's powers vested in board - The powers conferred upon the bank hereby are to be...

§ 31-25-11. Quorum for conducting business; per diem compensation; expenses - A majority of the voting members of the board then...

§ 31-25-15. Disclosure of contractual interest - Any member, officer or employee of the bank who is...

§ 31-25-17. Acceptance of membership on bank; nonforfeiture of office or employment - Notwithstanding the provisions of any other law, no officer or...

§ 31-25-20. Power of bank to loan money to local governmental unit - In addition to the other powers granted to the bank...

§ 31-25-21. Power of bank to loan money to local governmental unit - The bank is hereby granted, has and may exercise the...

§ 31-25-23. Loans to local governmental units; purchase or sale of municipal securities - The bank is hereby granted, has and may exercise, the...

§ 31-25-25. Prohibited transactions - Under this act the bank may not: Make loans of...

§ 31-25-33. Exemption from taxation - As set forth in the declaration of finding and purpose...

§ 31-25-35. Report; audit of books and accounts - The bank shall submit to the Governor within ninety (90)...

§ 31-25-39. Resolution of Board authorizing or relating to issuance of bonds; contracts - In any resolution of the board of the bank authorizing,...

§ 31-25-41. Pledge of revenues or other moneys - Any pledge of revenues or other moneys made by the...

§ 31-25-43. Establishment of funds or accounts - The bank may establish such funds or accounts as may...

§ 31-25-45. Purchase of bonds by Bank - The bank, subject to such agreements with bondholders as may...

§ 31-25-47. Agreements or contracts for safekeeping of municipal bonds or other investments - The bank may enter into agreements or contracts with any...

§ 31-25-49. Reservation of State power - The state does hereby pledge to and agree with the...

§ 31-25-53. Chapter provisions as cumulative - Neither this act nor anything herein contained is or shall...

§ 31-25-55. Savings clause - If any section, subsection, paragraph, sentence, clause or provision of...

Article 3 - Bonds

§ 31-25-101. Definitions - For the purposes of this article, the following words and...

§ 31-25-107. Joint legislative committee - There is hereby created, for the purposes of oversight and...