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41-14A-2
Section 41-14A-2 Definitions. As used in this chapter, the following words and terms
shall have the following meanings: (1) AVERAGE MONTHLY BALANCE OF PUBLIC DEPOSITS. The sum
of the average daily balances of public deposits, meaning the net average daily balances of
public deposits determined without any deduction for deposit insurance, for the reported month
and the 11 months preceding that month, divided by 12. (2) BOARD OF DIRECTORS or BOARD. The
Board of Directors of the SAFE Program established under Section 41-14A-6. The board
of directors shall consist of eight members. (3) COLLATERAL-PLEDGING LEVEL or COLLATERAL-PLEDGING
REQUIREMENT. The percentage or percentages of collateral, in relation to one or more levels
of public deposits held, required to be pledged by a qualified public depository as determined
in accordance with the provisions of this chapter or rules or orders of the board adopted
pursuant to this chapter. (4) COVERED PUBLIC ENTITY. The state and its political...
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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state,
shall execute a compact, in substantially the following form, with the State of Mississippi,
and the Legislature approves and ratifies the compact in the form substantially as follows:
Northeast Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states
solemnly agree: Article I. The purpose of this compact is to promote and develop trade, commerce,
industry, and employment opportunities for the public good and welfare in northeast Mississippi
and northwest Alabama through the establishment of a joint interstate authority to acquire
certain railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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11-65-10
Section 11-65-10 Powers and duties of commission. When authorized by one or more elections
as provided in Section 11-65-4, a commission shall have the powers and duties necessary
to license, regulate, and supervise horse racing and pari-mutuel wagering thereon and greyhound
racing and pari-mutuel wagering thereon within the commission municipal jurisdiction, including,
without limiting the generality of the foregoing, the powers and duties hereinafter set forth
in this section or in other sections of this chapter. (1) A commission shall have succession
in perpetuity, subject only to the provisions of this chapter as it may be amended from time
to time. (2) A commission shall have the power to sue and be sued in its own name in civil
suits and actions and to defend suits against it. (3) A commission shall have the power to
adopt and make use of an official seal and to alter the same at pleasure. (4) A commission
shall have the power to adopt, alter, and repeal bylaws, regulations and...
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16-13-70
Section 16-13-70 Issuance authorized; purposes; source of payment. (a) Any county board
of education and any city board of education may issue and sell interest-bearing tax anticipation
warrants for the purpose of paying the costs of erecting, acquiring, providing, constructing,
purchasing, altering, enlarging, improving, repairing and equipping school buildings, school
playgrounds and buildings for housing and repairing school buses, and for the purpose of purchasing
school buses, or for any one or more of such purposes. (b) Warrants issued under the provisions
of this article shall not be general obligations of the board of education issuing such warrants
but shall be payable, as to both principal and interest, solely out of one of the following:
(1) The proceeds of any ad valorem tax voted under the constitution for the purpose of paying
such warrants, or for school purposes generally, and paid, apportioned or allocated to or
for the benefit of the board of education issuing such...
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11-9-2
Section 11-9-2 Authority for issuance; form, terms, denominations, etc.; sale and disposition
of proceeds; pledge for payment of principal and interest generally. Each county which is
now levying or may hereafter levy a special sanitary tax shall have the power from time to
time to sell and issue, in addition to all other securities which it may now or hereafter
be authorized to issue, interest-bearing warrants or certificates of indebtedness of such
county for the purpose of paying the costs of acquiring, providing, constructing, enlarging
or extending a sanitary sewer system or systems or any part or parts thereof, including sanitary
sewers, outfall lines, a sewage disposal plant or plants and appurtenances to any thereof;
provided, that the maximum principal amount of warrants and certificates of indebtedness that
may be issued under the provisions of this article shall not exceed $1,500,000.00. Any such
warrants or certificates of indebtedness may be in such denomination or...
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11-92-7
Section 11-92-7 Warrants - Security for payment of principal and interest. (a) The governing
body of any participant may assign and specially pledge any tax or any part thereof for the
payment of the principal of and interest on warrants. (b) To the extent necessary to make
the payment of the principal of and interest on the warrants, any tax or sales proceeds so
pledged shall constitute a trust fund which shall be impressed with a lien in favor of the
holders of such warrants. If, pursuant to this section, more than one pledge is made
of any tax, then the pledges shall take precedence in the order that they are made, unless
the proceedings making the pledge shall provide that it shall be on a parity or subordinate
to a subsequent pledge. All warrants benefitting from a pledge shall constitute preferred
claims against the tax or sales proceeds pledged, subject to any prior pledges existing at
the time of issuance of the warrants, and shall have preference over claims incurred by the...
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16-13-98
Section 16-13-98 Preference and payment of warrants and care of fund. All warrants issued
hereunder by a county or city board of education shall be payable solely from the county or
city board of education's apportioned share of the proceeds of the special tax in respect
of which they were issued, but this shall not prohibit their payment from any other funds
which may be available therefor under any other provision of law; provided, that in no event
shall such warrants be payable from such other funds if the effect thereof would be to subject
such warrants to any constitutional debt limit or to any constitutional requirement that they
be authorized by vote of the qualified voters. All warrants issued hereunder shall be preferred
claims against the county or city board of education's apportioned share of said tax as herein
provided. All valid pledges of the said tax heretofore made, whether made to secure warrants
or otherwise, shall remain valid and effective, and successive pledges...
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45-11-244.10
Section 45-11-244.10 Use of proceeds. The proceeds of any taxes levied pursuant to the
authorization contained in this part shall be used only for the purpose of providing funds
to pay the costs of construction, maintenance, and operation of hospital facilities in the
county. The entire proceeds derived by the county from the taxes herein authorized to be levied,
including any income derived from the investment of such proceeds, shall be paid over and
deposited, promptly upon receipt thereof, into a separate and distinct fund or account of
the county, which shall be accounted for as other county funds; provided, however, the governing
body of the county shall have the further power to designate as the agency of the county to
construct, maintain, and operate the hospital facilities any public hospital corporation heretofore
or hereafter organized for hospital purposes in the county. When a public hospital corporation
shall be so designated, the proceeds of the taxes thereafter collected...
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45-11-245.09
Section 45-11-245.09 Use of proceeds. The proceeds of any taxes levied pursuant to the
authorization contained in this part shall be used only for the purpose of providing funds
to pay the costs of construction, maintenance, and operation of hospital facilities in the
county. The entire proceeds derived by the county from the taxes herein authorized to be levied,
including any income derived from the investment of such proceeds, shall be paid over and
deposited, promptly upon receipt thereof, into a separate and distinct fund or account of
the county, which shall be accounted for as other county funds; provided, however, the governing
body of the county shall have the further power to designate as the agency of the county to
construct, maintain, and operate the hospital facilities any public hospital corporation heretofore
or hereafter organized for hospital purposes in the county. When a public hospital corporation
shall be so designated, the proceeds of the taxes thereafter collected...
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22-21-223
Section 22-21-223 Appropriation of proceeds of special county tax or funds in county
treasury. In any county in which a special county tax is levied and collected, pursuant to
the provisions of any amendment to the constitution heretofore adopted, for the purpose of
acquiring, constructing, equipping, operating and maintaining public hospitals, public clinics,
public health centers and related public health facilities of any kind, or for any one or
more of the purposes included within the meaning of the term "public hospital purposes,"
the county commission of the county is hereby authorized to appropriate so much of the proceeds
of such tax as may be necessary for the purpose of carrying out the provisions of this article;
provided, that if any portion of the proceeds of such tax has been heretofore pledged to the
payment of any bonds, warrants, notes or other obligations or evidences of indebtedness, such
portion of the proceeds of the tax as shall have been so pledged shall not be...
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