§ 31-25-101. Definitions
For the purposes of this article, the following words and phrases shall have the meaning ascribed in this section unless the context clearly indicates otherwise: “Bank” means the Mississippi Development Bank created pursuant to Section 31-25-1 et seq., Mississippi Code of 1972. “Bonds” means bonds, notes and any other evidence of indebtedness. “Commission” means the […]
§ 31-25-103. Deposits into revolving fund; agreements; security; pledge of payments; recordation; enforcement of interest; resolution
The commission acting through the department is hereby authorized, in connection with the issuance of bonds by the Mississippi Development Bank, to provide funds to deposit into the revolving fund and to enter into agreements pursuant to which such bonds shall be made payable, as to both principal, premium, if any, and interest, from such […]
§ 31-25-105. Establishment of debt service reserve funds; disposition of moneys in funds; reserve requirements; appropriations for funds
In addition to any other funds it may establish, the Mississippi Development Bank may, by resolution, establish one or more special funds pursuant to this section, referred to herein as “debt service reserve funds,” and may pay into such debt service reserve funds: Any monies appropriated and made available by the state for the purposes […]
§ 31-25-107. Joint legislative committee
There is hereby created, for the purposes of oversight and review, a joint legislative committee to be comprised of six (6) members, three (3) to be appointed by the Speaker of the House from the membership of the Mississippi House of Representatives, one (1) from each Supreme Court district, as such districts existed on January […]