reglab/housing_qa huggingface dataset:
MS Code § 43-33-705 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-705. Fiduciary bond; premiums

 All directors, officers, employees or agents exercising any voting power or discretionary authority shall be required prior to the issuance of any bonds by the corporation to have issued by a surety company licensed to do business in the State of Mississippi a fiduciary bond in the amount of Fifty Thousand Dollars ($50,000.00) for the faithful performance of their duties. The corporation shall pay the premiums on such bonds.
MS Code § 43-33-707 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-707. Appointment of officers; executive director; secretary; treasurer; employment of counsel

  The corporation shall appoint, and prescribe the duties of, such officers (who need not be directors) as the corporation deems necessary or advisable, including an executive director and a secretary (who may be the same person), and the corporation shall fix the compensation of such officers. The executive director shall be appointed with the advice and consent of the Senate and shall serve at the will and pleasure of the board. The executive director shall administer, manage and direct the affairs and business of the corporation, subject to the policies, control and direction of the directors of the corporation. The secretary of the corporation shall keep a record of the proceedings of the corporation and shall be custodian of all books, documents and papers filed with the corporation, the minute book or journal of the corporation, and its official seal. He shall have authority to cause copies to be made of all minutes and other records and documents of the corporation and to give certificates under the official seal of the corporation to the effect that the copies are true copies, and all persons dealing with the corporation may rely upon the certificates. The treasurer shall be the custodian of the assets of the corporation, except for those assets required by contracts with bondholders to be in the custody of the trustee. The directors of the corporation shall set the investment policy for assets, and the executive director shall be responsible for making investments in accordance with such policy. The treasurer may delegate all or a portion of his duties and responsibilities to the executive director.   The corporation shall have the authority, in its discretion, to employ counsel on an annual basis at an annual salary at an amount it deems proper. Such counsel may, in addition to an annual salary, be paid additional compensation when employed by the corporation in the matter of litigation and the issuance of bonds and the drafting of orders and resolutions in connection therewith.
MS Code § 43-33-709 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-709. Meetings of corporation; notice; quorum

  The corporation shall hold regular meetings as set forth in its bylaws. Special meetings of the corporation shall be held at the call of the chairperson or whenever any three (3) members shall so request in writing. Each director shall be given not less than three (3) days' written notice of special meetings, unless at least seven (7) directors have agreed to the scheduling of the special meeting. Notice of special meetings may be oral or written. Written notice shall be effected by first class mail or by any more rapid means. Written notice is effective at the earliest of the following:   When received;   Five (5) days after its deposit in U.S. mail.     A majority of members then in office shall constitute a quorum for the transaction of any business and for the exercise of any power or function of the corporation. No vacancy in the membership of the corporation shall impair the rights of a quorum to exercise all the rights and to perform all the duties of the corporation. If a quorum is present when a vote is taken, the affirmative vote of a majority of directors present is the act of the board of directors.   Directors may participate in a regular or special meeting by, or conduct the meeting through the use of, any means of communication by which all directors participating may simultaneously hear each other during the meeting. A director participating in a meeting by this means is deemed to be present in person at the meeting.
MS Code § 43-33-711 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-711. Creation of committees; members

  The board of directors may create one or more committees of the board and appoint members of the board to serve on them. Each committee shall have two (2) or more directors who serve at the pleasure of the board.   The creation of a committee and appointment of directors to it must be approved by a majority of all directors in office when the action is taken.   Sections of this article which govern meetings, action without meetings, notice and waiver of notice, and quorum and voting requirements of the board, apply to committees of the board and their members as well.
MS Code § 43-33-713 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-713. Minutes of meetings; accounting records; other records

  The corporation shall keep as permanent records minutes of all meetings of its members and board of directors, a record of all actions taken by the directors without a meeting, and a record of all actions taken by committees of the board of directors.   The corporation shall maintain appropriate accounting records.   The corporation shall maintain its records in written form or in another form capable of conversion into written form within a reasonable time.   The corporation shall keep a copy of the following records at its office:   Its bylaws or restated bylaws and all amendments to them currently in effect;   The minutes of all meetings of the board of directors and records of all actions approved by the directors for the past three (3) years;   A list of the names and business or home addresses of its current directors and officers; and   Its most recent status report delivered to the Secretary of State.
MS Code § 43-33-715 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-715. Nonprofit nature of corporation; directors to serve without compensation; per diem allowance; payment of expenses

 The corporation is not created or organized, and its operations shall not be conducted, for the purpose of making a profit. No part of the revenues or assets of the corporation shall inure to the benefit of or be distributable to its directors or officers or other private persons, except as otherwise provided in this article.   Directors of the corporation shall serve without compensation; provided that all members, except ex officio members, shall receive the per diem established in Section 25-3-69, Mississippi Code of 1972, for their attendance at meetings; and all directors shall be entitled to receive reimbursement for any actual and reasonable expenses incurred as a necessary incident to service on the corporation, including mileage, as provided in Section 25-3-41, Mississippi Code of 1972.
MS Code § 43-33-721 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-721. Adoption of rules, regulations, resolutions and bylaws by corporation

 The corporation shall adopt, and may from time to time modify or repeal, rules, regulations, resolutions and bylaws on issues including, but not limited to the following:   Income levels for the classification of persons of low or moderate income in accordance with the factors set forth in the definition of persons of low or moderate income in Section 43-33-703; however, any such rules shall set as a priority the needs of very low and low income persons;   The making of loans and the purchase of mortgage loans, to implement the powers authorized and to achieve the purposes set forth in this article;   Setting schedules of any fees and charges to be imposed by the corporation;   Where intended, assuring that the interest on its bonds or notes qualifies for tax exemption under applicable federal laws; and   Any other matters related to the duties and the exercise of the powers of the corporation.
MS Code § 43-33-723 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-723. Prohibition against discrimination

 No person shall be discriminated against because of race, religious principles, color, sex, national origin, ancestry or handicap by the corporation, any qualified sponsor, any lender, or any agent or employee thereof in connection with any housing development or eligible loan. No person shall be discriminated against because of age, nor shall any family be discriminated against because of children, in admission to, or continuance of occupancy in, any housing project receiving assistance under this article except for any housing project constructed under a program restricting occupancy to persons sixty-two (62) years of age or older and any directors of their immediate households or their occupant surviving spouses.
MS Code § 43-33-725 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-725. Advisory board

 The corporation may, if it deems necessary, create an advisory board to the corporation to assist in the furtherance of the purposes of this article. The corporation shall determine the size, structure and powers and duties of the advisory board. The members of the advisory board shall be appointed by the Governor for the terms set by the corporation and shall serve without compensation.
MS Code § 43-33-727 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-727. Mississippi Home Corporation Oversight Committee

 There is hereby created the Mississippi Home Corporation Oversight Committee. Such oversight committee shall consist of five (5) Senators appointed by the President of the Senate and five (5) Representatives appointed by the Speaker of the House of Representatives, who shall serve in an advisory capacity to the corporation. The members thereof shall report the actions of the corporation to the appropriate legislative committees. The oversight committee shall have no jurisdiction or vote on any matter within the jurisdiction of the corporation. When the Legislature is not in session, members shall be paid per diem and all actual and necessary expenses, including mileage expenses, from their respective contingent expense funds at the rate authorized for committee meetings when the Legislature is not in session; however, no per diem and expenses will be paid when the Legislature is in session. The terms of the members of the oversight committee shall expire at the end of their terms of office.
MS Code § 43-33-733 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-733. Issuance of bonds or notes for refunding outstanding bonds or notes

 The corporation is authorized to issue its bonds or notes for the purpose of refunding any bonds or notes of the corporation then outstanding. In addition, the corporation may issue its bonds or notes for the purpose of refunding any bonds or notes of (a) any local housing authority or authorities, or (b) any regional housing authority or authorities. The corporation shall have no power or authority to issue its bonds or notes for the purpose of refunding bonds or notes of any local housing authority or any regional housing authority unless the refunding and the corporation's participation therein are authorized by a resolution or resolutions adopted by the housing authority or authorities whose bonds or notes will be refunded by the bonds or notes issued by the corporation. The resolution or resolutions shall request the corporation to issue its bonds or notes for the purpose of refunding bonds or notes of the housing authority or authorities then outstanding and shall contain such other terms and conditions as necessary or appropriate. The total amount of any such refunding bonds or notes shall be an amount sufficient to effect the refunding and may include an amount sufficient to pay (a) the principal amount of the refunded bonds or notes, (b) interest accrued or to accrue to the date of maturity or the date of redemption of the bonds or notes to be refunded which need not necessarily be on the first available redemption date, (c) any redemption premiums to be paid thereon, (d) any reasonable expenses incurred in connection with such refunding, and (e) any other reasonable costs deemed necessary by the corporation to effect the refunding. The proceeds of such refunding bonds or notes may be applied in the manner determined by the corporation and may be placed in escrow and invested in the manner and on the terms determined by the corporation. All such bonds or notes shall be refunded in accordance with the Mississippi Bond Refinancing Act, Section 31-27-1 et seq.
MS Code § 43-33-735 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-735. Pledge of earnings, revenues or other assets; liens

 It is the intention of the Legislature that:   Any pledge of earnings, revenues or other assets consistent with the provisions of this article shall be valid and binding from the time when the pledge is made;   Any earnings, revenues or other assets so pledged and thereafter received by the corporation shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act;   Such liens shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the corporation irrespective of whether such parties have notice thereof; and   Neither the resolution nor any other instrument by which a pledge is created need be recorded.
MS Code § 43-33-737 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-737. Liability on issuance of bonds or notes

  The directors of the corporation, the advisory committee, or any person executing the bonds, notes or other obligations of the corporation shall not be personally liable for such bonds, notes or other obligations or be subject to any personal liability or accountability by reason of the issuance thereof while acting in the scope of their authority.   The bonds, notes and other obligations of the corporation shall not be a debt of the state or any agency, instrumentality or political subdivision thereof.
MS Code § 43-33-739 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-739. Creation of debt service reserve funds

 The corporation may create and establish one or more reserve funds to be known as "debt service reserve funds" and the corporation may create and establish such other reserve funds as it shall deem advisable and necessary.
MS Code § 43-33-741 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-741. Agreement by state not to alter vested rights

 The state does hereby pledge to and agree with the holders of any bonds or notes issued under this article that the state will not limit or alter the rights hereby vested in the corporation to fulfill the terms of any agreements made with the holders thereof in keeping with the provisions of this article, or in any way impair the rights and remedies of such holders until such bonds or notes together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceedings by or on behalf of such holders, are fully met and discharged. The corporation is authorized to include this pledge and agreement of the state in any agreement with the holders of such bonds or notes. The chancery court shall have jurisdiction of any suit, action or proceeding by the trustee on behalf of bondholders or noteholders. The venue of any such suit, action or proceeding shall be in the First Judicial District of Hinds County, Mississippi.
MS Code § 43-33-743 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-743. Investment in sinking funds, monies or other funds

 The state and all public officers, municipal corporations, political subdivisions, and public bodies; all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking business; all insurance companies, insurance associations and other persons carrying on an insurance business; and all executors, administrators, guardians, trustees and other fiduciaries and the Mississippi Public Employees' Retirement System may legally invest any sinking funds, monies or other funds belonging to them or within their control in any bonds or notes issued by the corporation, and such bonds or notes shall be authorized security for all public deposits, it being the purpose of this article to authorize any persons, firms, corporations, associations, political subdivisions, bodies and officers, public or private, to use any funds owned or controlled by them, including, but not limited to, sinking, insurance, investment, retirement, compensation, pension and trust funds, and funds held on deposit, for the purchase of any such bonds or notes, and that any such bonds or notes shall be authorized security for all public deposits. However, nothing contained in this article with regard to legal investments shall be construed as relieving any person, firm or corporation from any duty of exercising reasonable care in selecting securities.
MS Code § 43-33-745 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-745. Purpose for creation of corporation; covenants; immunity from taxation

  It is hereby determined that the creation of the corporation is in all respects for the benefit of the people of the state, for the improvement of their health and welfare and for the protection of the economy, and that such purposes are public purposes and the corporation will be performing an essential governmental function in the exercise of the powers conferred upon the corporation by this article. In consideration of the acceptance of and payment for the bonds and notes issued by the corporation pursuant to this article, the state hereby covenants with the purchasers and all subsequent holders and transferees of such bonds and notes that the income from such bonds and notes shall at all times be free from taxation, except for estate or gift taxes and taxes on transfers.   The corporation may issue bonds or notes designated as taxable bonds or notes, and any immunity to taxation by the United States government of income from bonds or notes so designated is hereby waived.   The income and operations of the corporation shall be exempt from taxation of every kind and nature.
MS Code § 43-33-747 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-747. Deposit of monies; withdrawals; audits; fees; reports

  All money of the corporation from whatever source derived, except as otherwise authorized or provided in this article, shall be deposited with one or more qualified depositories of the state as approved by the State Depository Commission and designated by the corporation or invested in accordance with Section 43-33-717(5)(e). The money in such accounts shall be withdrawn on the order of such person or persons as the corporation may authorize. All deposits of such money shall, if required by the corporation, be secured in such manner as the corporation may determine. The State Auditor and his legally authorized representatives are authorized and empowered from time to time to examine the accounts and books of the corporation, including its receipts, disbursements, contracts, leases, sinking funds, investments and any other record and papers relating to its financial standing; at a minimum an audit shall be made annually and a copy thereof shall be filed with the State Treasurer; the corporation shall pay such reasonable fee for such examination as the State Auditor shall determine.   The corporation shall have power to contract with holders of any of its bonds or notes as to the custody, collection, securing, investment and payment of any money of the corporation, of any money held in trust or otherwise for the payment of bonds or notes, and to carry out such contract. Money held in trust or otherwise for the payment of bonds or notes or in any way to secure bonds or notes and deposits of such money may be secured in the same manner as money of the corporation, and all banks and trust companies are authorized to give such security for such deposits.   Subject to the provisions of any contract with bondholders or noteholders and to the approval of the Department of Audit, the corporation shall prescribe a system of accounts in accordance with generally accepted accounting principles (GAAP).   The corporation shall submit to the Governor, State Auditor and both houses of the Legislature, an annual report on the activities of the corporation and, within thirty (30) days of the receipt thereof by the corporation, a copy of the report of every external examination of the books and accounts of the corporation.
MS Code § 43-33-749 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-749. Personal liability of corporate directors, advisory board members, etc. while acting in scope of authority

 Neither the directors of the corporation, the advisory board, nor any person or persons acting in their behalf, while acting within the scope of their authority, shall be subject to any personal liability resulting from carrying out any of the powers granted herein in accordance with his or her good faith belief that he or she is acting in the best interests of the corporation.
MS Code § 43-33-751 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-751. Conflict of interest; disclosure

 The directors shall comply with the provisions of Section 25-4-101 et seq.
MS Code § 43-33-753 (2020)
2020 Mississippi Code|Title 43 - Public Welfare|Chapter 33 - Housing and Housing Authorities|Article 11 - Mississippi Home Corporation Act|§ 43-33-753. Services of state officers and state agencies

 All state officers and all state agencies are hereby empowered to render such services to the corporation within their respective functions as may be requested by the corporation.