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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) Upon the issuance and sale of bonds under Sections 65-4-25 through 65-4-45, the State Bond Commission shall transfer the proceeds of any such sale or sales to the Economic Development Highway Fund. The proceeds of such bonds shall be disbursed solely upon the order of the Executive Director of the Mississippi Department of Economic Development under such restrictions, if any, as may be contained in the resolution providing for the issuance of the bonds.
(2) The State Bond Commission is authorized to pay the costs that are incident to the sale, issuance and delivery of the bonds authorized under Sections 65-4-25 through 65-4-45 from the proceeds derived from the sale of such bonds.
Cite this article: FindLaw.com - Mississippi Code Title 65. Highways, Bridges and Ferries § 65-4-37 - last updated January 01, 2025 | https://codes.findlaw.com/ms/title-65-highways-bridges-and-ferries/ms-code-sect-65-4-37/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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