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§ 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 […]

§ 21-45-11. 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 […]

§ 21-45-15. 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, […]

§ 21-45-21. Assessment of value of real property described in tax increment financing plan; retention and distribution of captured assessed value; approval of redevelopment plan; certification of amount of sales tax collected

After adoption of a redevelopment plan containing a tax increment financing plan the clerk shall certify the assessed value of the real property, including personal property located thereon, described in the tax increment financing plan. Property taxable at the time of the certification shall be included in the assessed value at its most recently determined […]

§ 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, […]