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U.S. State Codes
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Mississippi
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Title 31 - Public Business,...
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Chapter 25 - Mississippi De...
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Article 1 - General Provisions.
Article 1 - General Provisions.
§ 31-25-1. Short title
§ 31-25-3. Legislative intent; construction
§ 31-25-5. Definitions
§ 31-25-7. Mississippi Development Bank created
§ 31-25-9. Bank’s powers vested in board
§ 31-25-11. Quorum for conducting business; per diem compensation; expenses
§ 31-25-15. Disclosure of contractual interest
§ 31-25-17. Acceptance of membership on bank; nonforfeiture of office or employment
§ 31-25-19. Powers and duties of Bank
§ 31-25-20. Power of bank to loan money to local governmental unit
§ 31-25-21. Power of bank to loan money to local governmental unit
§ 31-25-23. Loans to local governmental units; purchase or sale of municipal securities
§ 31-25-25. Prohibited transactions
§ 31-25-27. Powers of local governmental units to contract with bank; issuance of securities; pledges for repayment; personal liability of local governmental officials; validation of securities; waiver of defenses; fraudulent acts; agreements with regard to powers of State Tax Commission; certain local governmental units required to make certifications to Mississippi Development Bank before issuance of bonds; local governmental units authorized to borrow money from any United States government loan guarantee program
§ 31-25-28. Purpose for which loan may be made
§ 31-25-29. Intergovernmental cooperation
§ 31-25-31. Bonds issued by Bank as general or special obligations of Bank; issuance of bonds as affecting State’s obligation to levy or collect taxes or assessments; liability of State for payment of principal or interest
§ 31-25-33. Exemption from taxation
§ 31-25-35. Report; audit of books and accounts
§ 31-25-37. Issuance of bonds by bank for corporate purposes
§ 31-25-39. Resolution of Board authorizing or relating to issuance of bonds; contracts
§ 31-25-41. Pledge of revenues or other moneys
§ 31-25-43. Establishment of funds or accounts
§ 31-25-45. Purchase of bonds by Bank
§ 31-25-47. Agreements or contracts for safekeeping of municipal bonds or other investments
§ 31-25-49. Reservation of State power
§ 31-25-51. Bonds of bank as legal investments; authorized investments by bank
§ 31-25-53. Chapter provisions as cumulative
§ 31-25-55. Savings clause