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Home » US Law » 2020 Mississippi Code » Title 27 - Taxation and Finance » Chapter 107 - Disaster Relief » Tornado, Rain and Flooding Disaster of 1975

§ 27-107-101. Borrowing from state general and special fund agencies

The commission of budget and accounting with the concurrence of the state bond commission is hereby authorized to borrow the sum of five hundred thousand dollars ($500,000.00) from one (1) or a multiple of “state general fund agencies” or “state special fund agencies” at one (1) time or as required for the purpose of carrying […]

§ 27-107-103. State bond commission’s authority

The state bond commission is hereby authorized and empowered to utilize any of its statutory powers in carrying out its functions under Sections 27-107-91 through 27-107-105 and in the repayment of principal and interest on indebtedness due the state treasury or any general fund agency or special fund agency.

§ 27-107-91. Utilization of appropriated funds to assist local governing authorities to obtain federal funds for restoration purposes

For purposes of Sections 27-107-91 through 27-107-105, the term “commission of budget and accounting” or “commission” shall mean the state fiscal management board. The Commission of Budget and Accounting is hereby expressly authorized and empowered to utilize any funds appropriated for such purposes which said sum shall not exceed five hundred thousand dollars ($500,000.00) to […]

§ 27-107-93. Administrator of certain emergency appropriations

The Commission of Budget and Accounting is hereby made the sole administrator of the appropriation enacted during the regular session of 1975 to implement the provisions of Sections 27-107-91 through 27-107-105. It is authorized to utilize any of its general powers provided by Sections 27-103-1 through 27-103-75 in making findings of fact and determinations as […]

§ 27-107-95. Authority to borrow certain monies in order to make loans to counties and municipalities; conditions as to loans and their repayment

The Commission of Budget and Accounting, hereinafter referred to as “commission,” with the concurrence of the state bond commission, is hereby authorized to borrow at one (1) time or as needed the aggregate sum of five hundred thousand dollars ($500,000.00) from one (1) or multiples of “state general fund agencies” or “state special fund agencies” […]

§ 27-107-97. Time limitation on loan applications

No application for loans or grants under authority of Sections 27-107-91 through 27-107-105 shall be filed after April 30, 1975, and no application for a loan or grant shall be approved after June 30, 1975.

§ 27-107-99. County and municipal authorities to maintain certain records

The Commission of Budget and Accounting shall require boards of supervisors and the governing authorities of municipalities to maintain such minute books and other records as said commission deems reasonable and necessary for carrying out the purposes of Sections 27-107-91 through 27-107-105 including auditing by the state auditor of all expenditures of grants and loans […]