§ 65-43-33. Bonds; legal investments and securities
All bonds issued under the provisions of Sections 65-43-9 through 65-43-39 shall be legal investments for trustees and other fiduciaries, and for savings banks, trust companies and insurance companies organized under the laws of the State of Mississippi, and such bonds shall be legal securities which may be deposited with and shall be received by […]
§ 65-43-5. Construction of Sections 65-43-1 and 65-43-3
The powers conferred by Sections 65-43-1 and 65-43-3 shall be in addition to the powers conferred by any other law, general, special or local. Sections 65-43-1 and 65-43-3 shall be construed as an additional and alternative method of funding all or any portion of the purchasing, building, improving, owning or operating of roadways, highways or […]
§ 65-43-35. Bonds; exemption from taxation
Bonds issued under the provisions of Sections 65-43-9 through 65-43-39 and income therefrom shall be exempt from all taxation in the State of Mississippi.
§ 65-43-6. Penalties for failure or refusal to pay required toll on toll road or toll bridge facility
Any driver of a vehicle who fails or refuses to pay a required toll on a toll road or toll bridge facility in the state shall be guilty of a misdemeanor and, upon conviction, shall be fined not more than Five Hundred Dollars ($500.00), or imprisoned not more than six (6) months, or both. In […]
§ 65-43-37. Bonds; use of proceeds
The proceeds of the bonds issued under Sections 65-43-9 through 65-43-39 shall be used solely for the purposes provided in Sections 65-43-9 through 65-43-39, including the costs incident to the issuance and sale of such bonds.
§ 65-43-7. Authorization of counties and municipalities to borrow money and issue bonds for projects authorized under this chapter; details of bonds; procedure
For the purpose of providing funds to defray the expenses of projects authorized pursuant to Sections 65-43-1 and 65-43-3, the board of supervisors of a county or the governing authorities of a municipality shall have the right to borrow money for the project, and to issue revenue bonds therefor in such principal amounts as the […]
§ 65-43-39. Bonds; issuance of warrants for payment
The State Treasurer is authorized, without further process of law, to certify to the Department of Finance and Administration the necessity for warrants, and the Department of Finance and Administration is authorized and directed to issue such warrants, in such amounts as may be necessary to pay when due the principal of, premium, if any, […]
§ 65-43-9. Toll Road Revenue Bond Fund
A special fund, to be designated as the “Toll Road Revenue Bond Fund,” is created within the State Treasury. The fund shall be maintained by the State Treasurer as a separate and special fund, separate and apart from the General Fund of the state. Unexpended amounts remaining in the fund at the end of a […]
§ 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 […]