The State Bond Commission shall have the power and is hereby authorized, at one time
or from time to time prior to June 30, 1994, to issue negotiable general obligation
bonds of the State of Mississippi to pay all or any part of the cost of defraying
the state's share of supporting the Institute for Technology Development for any fiscal
year in which the institute does not receive the requisite amount pursuant to legislative
appropriation. The total amount of bonds which may be issued pursuant to this chapter shall not
exceed Six Million Dollars ($6,000,000.00).
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