§ 21-47-5. Sale of district’s assets to public utility; purchase price
The district shall be authorized to convey the assets of the district to any suitable public utility qualified to operate same, authorized for such service by the State of Mississippi, and regulated by the regulatory agencies of the State of Mississippi. The sale price shall be such as shall be agreed upon between the district […]
§ 21-47-1. Use of surplus funds from operation of systems
The Delta Natural Gas District of Humphreys and Sunflower Counties having acquired certain funds from the operation of its systems is hereby authorized, in its discretion, to use surplus funds for further development of the district and to distribute a portion thereof to the City of Inverness, Town of Isola and the City of Belzoni, […]
§ 21-47-3. Use of funds, generally
The Delta Natural Gas District shall devote all monies, derived from any source other than the issuance of bonds for purposes authorized by the laws of the State of Mississippi, to or for the payment of all operating expenses, including such items as are normally required of utilities for sales development; to or for the […]
§ 21-45-7. Division of ad valorem taxes according to tax increment financing plan
Any redevelopment project may contain a provision that municipal and county ad valorem taxes, if any, levied upon taxable property in a redevelopment project or municipal sales taxes collected within the area, or both, shall be divided according to a tax increment financing plan.
§ 21-45-9. Issuance of tax increment bonds; issuance of refunding bonds; agreements with developers
Any governing body may issue tax increment bonds, the final maturity of which shall not extend beyond thirty (30) years, for the purpose of financing all or a portion of the cost of a redevelopment project within the boundaries of the municipality, funding any reserve which the governing body may deem advisable in connection with […]
§ 21-45-11. Contents of tax increment financing plan; public hearing
Any tax increment financing plan, at a minimum, shall contain: A statement of the objectives of a municipality with regard to the plan; A statement indicating the need and proposed use of the tax increment financing plan in relationship to the redevelopment plan; A statement containing the cost estimates of the redevelopment project and the […]
§ 21-45-13. Security for principal, interest, and premium on tax increment bond
The principal, interest and premium, if any, on any tax increment bond shall be secured by a pledge of the revenues payable to the municipality pursuant to the tax increment financing plan and may also be secured, in the discretion of the municipality, by a lien on all or any part of the redevelopment project […]
§ 21-45-15. Application of proceeds from sale of bonds
The proceeds from the sale of any bonds issued under authority of this chapter shall be applied only for the purpose for which the bonds were issued; provided, however, that any premium and accrued interest received in any such sale shall be applied to the payment of the principal of or the interest on the […]
§ 21-45-17. Exemption from taxation
The bonds authorized by this chapter and the income therefrom and all security agreements and mortgages executed as security therefor made pursuant to the provisions hereof, and the revenues derived therefrom, shall be exempt from all income taxation in the state.
§ 21-45-19. Items which are included in cost of redevelopment project
The cost of a redevelopment project shall be deemed to include the actual cost of the construction or rehabilitation of any part of a project which may be constructed or rehabilitated by a municipality, including architects’ and engineers’ fees, the purchase price of any real property that may be acquired by a municipality by purchase, […]