§ 57-67-1. Short title
This chapter shall be known and may be cited as the “Mississippi Superconducting Super Collider Act.”
§ 57-67-11. General powers and duties of authority
The authority, in addition to any and all powers now or hereafter granted to it, is hereby empowered: To maintain an office at a place or places in the state. To employ or contract with architects, engineers, attorneys, accountants, construction and financial experts and such other advisors, consultants and agents as may be necessary in […]
§ 57-67-13. Board of Trustees of State Institutions of Higher Learning; powers and duties
The Board of Trustees of State Institutions of Higher Learning is hereby directed to develop plans for the creation of an Institute of High Energy Physics. Upon notification to the authority by the Department of Energy that the state has been selected as the site of the project, the Board of Trustees of State Institutions […]
§ 57-67-15. State general obligation bonds and notes generally; Superconducting Super Collider Special Fund
Upon notification to the authority by the Department of Energy that the state has been finally selected as the site for the project, the State Bond Commission shall have the power and is hereby authorized and directed, upon receipt of a declaration from the Governor as hereinafter provided, to borrow money and issue general obligation […]
§ 57-67-17. Powers and duties of public agencies and political subdivisions
For the purpose of aiding in the planning, design, undertaking and carrying out of the project or any facility related to the project, or any educational, cultural, housing or recreational facility or enhancement offered to secure the siting of the project in the state, any public agency or political subdivision of any kind is authorized […]
§ 57-67-19. Power of authority to borrow money and issue bonds generally
Upon notification to the authority by the United States Department of Energy that the state has been finally selected as the site for the project, then the authority shall have the power and is hereby authorized, from time to time, pursuant to contracts entered into under Section 57-67-17, to borrow money and to issue bonds […]
§ 57-67-21. Power of authority to issue refunding bonds
The authority may issue refunding bonds for the purpose of paying any of its bonds at or prior to maturity or upon acceleration or redemption. Refunding bonds may be issued at such time prior to the maturity or redemption of the refunded bonds as the authority deems to be in the public interest, without notice […]
§ 57-67-23. Validation of bonds
All bonds (other than state bonds, refunding bonds, interim notes and certificates of indebtedness, which may be validated) issued pursuant to Sections 57-67-19 through 57-67-31 shall be validated as provided in Sections 31-13-1 through 31-13-11, Mississippi Code of 1972; provided, however, that notice of such validation proceedings shall be addressed to the taxpayers of all […]
§ 57-67-25. Liability for payment of bonds
Bonds issued pursuant to Sections 57-67-19 through 57-67-31 shall not be deemed to constitute a debt, liability or obligation of the contracting public agency or political subdivisions, within the meaning of any constitutional or statutory limitation, nor shall such bonds constitute a pledge of the full faith and credit of the state or the contracting […]
§ 57-67-27. Security for payment of bonds
The authority may, in any authorizing resolution, trust indenture or other security instrument relating to its bonds, provide for the appointment of a trustee who shall have such powers as are provided therein to represent the registered owners of any issue of bonds in the enforcement or protection of their rights under any such resolution, […]
§ 57-67-29. Specific powers of authority in connection with bonds
The authority shall have power in connection with the issuance of bonds other that state bonds issued pursuant to this chapter to: Covenant as to the use of any or all of its property, real or personal. Redeem the bonds, to covenant for their redemption and to provide the terms and conditions thereof. Covenant and […]
§ 57-67-3. Legislative findings and declarations
The Legislature hereby finds and declares that: There exists in the State of Mississippi a continuing need for gainful employment for the citizens of this state. To help provide employment opportunities, a division within the Office of the Governor should be created with power to secure the location within this state of the particle beam […]
§ 57-67-31. Obligations of state in connection with bonds
The state hereby covenants with the registered owners of bonds of the authority issued pursuant to this chapter, that so long as the bonds are outstanding and unpaid the state will not materially limit or materially alter the rights and powers of the authority under this chapter to conduct the activities referred to herein in […]
§ 57-67-33. Taxation of bonds
Any bonds or state bonds issued under the provisions of this chapter, a transaction relating to the sale or securing of such bonds, their transfer and the income therefrom shall at all times be free from taxation by the state or any local unit or political subdivision or other instrumentality of the state, excepting inheritance […]
§ 57-67-35. Bonds as legal investments and securities
All bonds or state bonds issued pursuant to this chapter shall be legal investments for trustees, other fiduciaries, 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 all public officers and […]
§ 57-67-37. Minority small business concerns
The authority shall expend not less than fifteen percent (15%) of the total amounts expended by the authority on planning, construction, training, research, development, testing, evaluation, personal services, procurement, and for the operation and maintenance of any facilities or activities controlled by such authority, with minority small business concerns owned and controlled by socially and […]
§ 57-67-39. Construction of chapter
The provisions of this chapter are cumulative of other statutes now or hereafter enacted relating to the authority, and the authority may exercise all presently held powers in the furtherance of this chapter. If any section, paragraph, sentence, clause, phrase or any part of the provisions of this chapter is declared to be unconstitutional or […]
§ 57-67-5. Definitions
Words and phrases used in this chapter shall have meanings as follows, unless the context clearly indicates a different meaning: “Act” means the Mississippi Superconducting Super Collider Act as originally enacted or as hereafter amended. “Authority” means the Mississippi Superconducting Super Collider Authority created pursuant to the chapter. “Bonds” means bonds, interim notes and other […]
§ 57-67-7. Mississippi Superconducting Super Collider Authority created; executive director
There is created within the Office of the Governor a division to be known as the “Mississippi Superconducting Super Collider Authority” for the performance of essential public functions. The Governor shall appoint, with the advice and consent of the Senate, an executive director, who shall serve at the will and pleasure of the Governor. The […]
§ 57-67-9. Submission of site proposal; development of project; special advisory committees
The authority is hereby designated and empowered to act on behalf of the state in submitting a siting proposal for the project. If the authority is not operational as of the date of the proposal, the Governor is authorized to submit the proposal. The authority is empowered to take all steps appropriate or necessary to […]