§ 65-43-71. Definitions
The following words and phrases shall have the meanings ascribed herein unless the context clearly indicates otherwise, as used in Sections 65-43-71 through 65-43-85 and Section 65-43-6: “Toll facility operator” means any private company contracting with a governmental entity to collect tolls or fees for the use of any toll road or toll bridge as […]
§ 65-43-11. Special bond sinking fund
For the purpose of providing for the payment of the principal of and interest upon bonds issued under the provisions of Sections 65-43-9 through 65-43-39, there is created a special bond sinking fund in the State Treasury. The special bond sinking fund shall consist of the monies required to be deposited into the fund under […]
§ 65-43-13. Bonds; resolution for issuance; disposition of bond sale proceeds and investment earnings generally
The State Bond Commission, at one time or from time to time, may declare by resolution the necessity for issuance of revenue bonds of the State of Mississippi for the purpose of providing funds to defray the expenses of projects authorized pursuant to Sections 65-43-1 and 65-43-3. Upon the adoption of a resolution by the […]
§ 65-43-15. Bonds; payment of principal and interest; details
The principal of and interest on the bonds authorized under Sections 65-43-9 through 65-43-39 shall be payable in the manner provided in this section. Such bonds shall bear such date or dates, be in such denomination or denominations, bear interest at such rate or rates (not to exceed the limits set forth in Section 75-17-103, […]
§ 65-43-17. Bonds; execution
The bonds authorized by Sections 65-43-9 through 65-43-39 shall be signed by the Chairman of the State Bond Commission, or by his facsimile signature, and the official seal of the State Bond Commission shall be affixed thereto, attested by the secretary of the commission. The interest coupons, if any, to be attached to such bonds […]
§ 65-43-19. Bonds; negotiability
All bonds and interest coupons issued under the provisions of Sections 65-43-9 through 65-43-39 have all the qualities and incidents of negotiable instruments under the provisions of the Uniform Commercial Code, and in exercising the powers granted by Sections 65-43-9 through 65-43-39, the State Bond Commission shall not be required to and need not comply […]
§ 65-43-21. Bonds; issuance and sale; redemption
The State Bond Commission shall act as the issuing agent for the bonds authorized under Sections 65-43-9 through 65-43-39, prescribe the form of the bonds, advertise for and accept bids, issue and sell, at public or private sale, the bonds so authorized to be sold, pay all fees and costs incurred in such issuance and […]
§ 65-43-1. Authority of Transportation Commission, counties and municipalities to construct, operate and maintain new toll roads or toll bridges
The Mississippi Transportation Commission, county boards of supervisors and/or the governing authorities of municipalities (hereinafter referred to as governmental entities), in their discretion, may construct, operate and maintain, individually or jointly with other governmental entities, one or more new toll roads or toll bridges in the state for motor vehicle traffic, including toll booths and […]
§ 65-43-2. Legislative findings
The Legislature finds and declares as a matter of public policy that, for the benefit of the people of this state, it is essential to foster, promote and provide public infrastructure, including toll roads and bridges.
§ 65-43-3. Authority of Transportation Commission, counties and municipalities to contract with companies for financing, constructing, operating or maintaining toll roads or toll bridges; requests for proposals; rights and responsibilities of parties to contracts; collection of tolls; applicability of traffic regulations to motor vehicles operated on toll roads and toll bridges; immunity from liability
In addition to and as an alternative to any other authority granted by law, including, but not limited to, Section 65-43-1, any governmental entities, as defined in Section 65-43-1, in their discretion, may contract, individually or jointly with other governmental entities, with any persons, corporations, partnerships or other businesses licensed to do business in the […]