§ 41-73-1. Short title
This chapter shall be known and may be cited as the Mississippi Hospital Equipment and Facilities Authority Act.
§ 41-73-11. Officers of authority; per diem and expenses of members
The chairman of the authority shall be elected from the members of the authority by the vote of all such members. The members shall also elect from among their number a vice-chairman and such other officers as they may determine. They shall receive no compensation for their services but shall receive reimbursement for actual and […]
§ 41-73-13. Quorum; vote required for action
The powers of the authority shall be vested in the members thereof. Four (4) members of the authority shall constitute a quorum for the transaction of business. The affirmative vote of at least four (4) members shall be necessary for any action to be taken by the authority. No vacancy in the membership of the […]
§ 41-73-15. Regular and called meetings
Regular meetings of the members of the authority shall be held as set forth in its rules and regulations. Additional meetings of the members of the authority shall be held at the call of the chairman or whenever any three (3) members so request.
§ 41-73-17. Executive director; duties; contracting for administrative services; payment; secretary; duties
The members of the authority may appoint an executive director and/or a secretary who shall be employees of the authority, but not members thereof, and who shall serve at the pleasure of the members and receive such compensation as shall be fixed by the members. The executive director, if appointed, shall attend the meetings of […]
§ 41-73-19. Additional officers, agents or employees
The authority may employ legal counsel, technical experts and such other officers, agents and employees, permanent or temporary, as it deems necessary to carry out the efficient operation of the authority, and shall determine their qualifications, duties, compensation and terms of office. The members may delegate to one or more agents or employees of the […]
§ 41-73-21. Conflict of interest of member, employee or agent; disclosure required; effect of disclosure
Any member, employee or agent of the authority who has, will have, or later acquires an interest, direct or indirect, in any transaction with the authority shall immediately disclose the nature and extent of such interest in writing to the authority as soon as he has knowledge of such actual or prospective interest. Such disclosure […]
§ 41-73-23. State office or position not forfeited by virtue of authority membership or service
Notwithstanding the provisions of any other law, no officer or employee of the state shall be deemed to have forfeited or shall forfeit his office or employment by reason of his acceptance of membership in the authority or by reason of his providing services to such authority.
§ 41-73-25. Surety bonds of members and executive director; blanket bond authorized; conditions of bonds; costs
Before the issuance of any bonds pursuant to this chapter, each member of the authority and the executive director, if one shall have been appointed, shall execute a surety bond in the sum of Fifty Thousand Dollars ($50,000.00) issued by a surety company licensed to do business in the state. To the extent any member […]
§ 41-73-27. Powers of authority
The authority is hereby granted all powers necessary or appropriate to carry out and effectuate its public and corporate purposes, including but not limited to the following: To have perpetual succession as a body politic and corporate and an independent instrumentality exercising essential public functions; To adopt, amend and repeal bylaws, rules and regulations, not […]
§ 41-73-29. Duties of authority
The authority shall have the following duties: To invest any funds not needed for immediate disbursement, including any funds held in reserve, in one or more of the following: Obligations of any municipality or the state or the United States of America; Obligations the principal and interest of which are guaranteed by the state or […]
§ 41-73-3. Legislative findings; declaration of public purpose
The Legislature hereby finds and declares that: Delivery of quality health care in Mississippi has in recent years become increasingly dependent upon sophisticated equipment and adequate, modern facilities at a time when the acquisition and financing of such equipment and facilities by health-care providers has become increasingly expensive. It is necessary that Mississippi hospitals be […]
§ 41-73-31. Additional powers; providing hospital equipment or hospital facilities for use in hospitals in state
In addition to the other powers and duties of the authority specified elsewhere in this act, the authority is specifically authorized to initiate a program of providing hospital equipment or hospital facilities located within the state to be operated by participating hospital institutions. In this regard, the authority shall be authorized to exercise the following […]
§ 41-73-33. Security requirements with respect to hospital equipment or hospital facilities lease, installment purchase contract, or loan agreement
The authority shall require that each participating hospital institution agree to maintain rates sufficient to assure that timely payments are made on any lease, installment purchase contract or loan agreement entered into pursuant to this act and may require any other type of security from the participating hospital institution that it deems reasonable and necessary. […]
§ 41-73-35. Authority may issue bonds; purposes; authorization; issuance
The authority is hereby authorized to issue, sell and deliver its bonds in accordance with the terms of this act, for any of its corporate purposes. Bonds shall be authorized by a resolution or resolutions of the authority adopted as provided by this act; provided, that any such resolution authorizing the issuance of bonds may […]
§ 41-73-37. Bonds; interest; terms and conditions; procedure for issuing; covenants; redemption
The bonds shall be dated, shall bear interest at such rate or rates (which rate or rates may be fixed or variable), shall mature at such time or times in either serial or term form or both not exceeding thirty (30) years from their date, and may be made redeemable prior to maturity at such […]
§ 41-73-39. Disposition of proceeds; administrative expenses
The proceeds of the bonds of each issue shall be used for the payment of all or part of the cost of or for the making of a loan in the amount of all or part of the cost of the hospital equipment or the hospital facilities for which such bonds have been authorized or […]
§ 41-73-41. Refunding bonds authorized
The authority is authorized to issue its bonds for the purpose of refunding any bonds of the authority then outstanding. The total amount of such refunding bonds shall be an amount sufficient to effect the refunding, and may include an amount sufficient to pay (i) the principal amount of the refunded bonds, (ii) interest accrued […]
§ 41-73-43. Trust indentures
The bonds may be secured by a trust indenture by and between the authority and a corporate trustee which may be any bank having the power of a trust company or any trust company within or without the state. Such trust indenture may contain such provisions for protecting and enforcing the rights and remedies of […]
§ 41-73-45. Contracts with bond holders; contents
Any bond resolution or related trust agreement, trust indenture, indenture of mortgage or deed of trust may contain provisions, which shall be a part of the contract with the holders of the bonds to be authorized, as to: (i) pledging or assigning the revenues generated by the hospital equipment or hospital facilities, or pledging or […]