reglab/housing_qa huggingface dataset:
MS Code § 57-3-27 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 3 - Agriculture and Industry Program|§ 57-3-27. Use of proceeds from sale of bonds

 The proceeds from the sale of any bonds issued under authority of this chapter shall be applied only for the purpose for which the bonds were issued. However, any accrued interest and premium received in any such sale shall be applied to the payment of the principal of or the interest on the bonds sold; and, if for any reason, any portion of such proceeds shall not be needed for the purpose for which the bonds were issued, then such unneeded portion of said proceeds shall be applied to the payment of the principal of or the interest on said bonds. The cost of acquiring any project shall be deemed to include the following: the actual cost of the construction of any part of a project which may be constructed, including equipment, machinery, facilities, attorney's, architect's and engineer's fees; abstracts, cost of preparing and recording warranty deeds; the purchase price of any part of a project that may be acquired by purchase; the deposit into a reserve or escrow fund advance payments for insurance, in the event that the prospective lessee shall be in default of any payments and the municipality has to take over the operation of said project; all expenses in connection with the authorization, sale and issuance of the bonds to finance such acquisition; and the interest on such bonds for a reasonable time prior to construction, during construction, and for not exceeding six (6) months after completion of construction. Proceeds of said bonds shall be placed in the municipal treasury or with the trustee named in the mortgage or indentured trust as provided in Section 57-3-21 as a special fund and shall be used for no other purpose than the purpose set forth in the original resolution, and any officer diverting or assisting to divert any such fund to any other purpose than the purpose originally set forth in said resolution of the governing authority of said municipality shall be guilty of a misdemeanor, shall be punished accordingly, and shall also be liable both personally and on his official bond for such diversion, together with the costs of collection and reasonable attorney's fees. The Mississippi Agricultural and Industrial Board is authorized to employ necessary competent attorneys to proceed by action for injunction or mandamus to require compliance with said original resolution by any officer or municipal board.
MS Code § 57-3-29 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 3 - Agriculture and Industry Program|§ 57-3-29. Contribution by municipalities to projects; acceptance of donations by municipalities

 No municipality shall have the power to pay out of its general funds or otherwise contribute any part of the costs of acquiring a project, but, the entire cost of acquiring any project must be paid out of the proceeds from the sale of bonds issued under the authority of this chapter. This provision shall not be construed to prevent a municipality from accepting donation of property to be used as a part of any such project or money to be used for defraying any part of the cost of any such project.
MS Code § 57-3-31 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 3 - Agriculture and Industry Program|§ 57-3-31. Investment in bonds

 Bonds issued under the provisions of this chapter shall be legal investments for savings banks and insurance companies organized under the laws of this state.
MS Code § 57-3-33 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 3 - Agriculture and Industry Program|§ 57-3-33. Exemption from taxation of bonds, etc.; time limit for ad valorem tax exemption

 The bonds authorized by this chapter, the income therefrom, all mortgages or deeds of trust executed as security therefor, all lease or purchase agreements made pursuant to the provisions hereof, and all purchases required to establish the enterprise and financed by bond proceeds shall be exempt from all taxation in the State of Mississippi except the contractors' tax imposed by Section 27-65-21 and the tax levied by Section 27-65-24(1)(b) and all projects and the revenue derived from any lease thereof shall be exempt from all taxation in the State of Mississippi, except the tax levied by Sections 27-65-21 and 27-65-24(1)(b). From and after July 1, 1989, there shall be no new exemption under this section or under Chapter 10, Title 57, Mississippi Code of 1972, from ad valorem taxes levied for school district purposes. The time of any ad valorem tax exemption provided for hereunder shall not exceed a total of ten (10) years, which shall run from the date of completion of the project. In no event shall the term of the ad valorem tax exemption provided for hereunder be limited, terminated or otherwise affected by payment in full of the bonds issued under this chapter or by the change from a leasehold to a fee title in the enterprise financed with bonds issued under this chapter.
MS Code § 57-4-1 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 4 - Industrial Development Fund|§ 57-4-1. Establishment

 There is hereby established in the State Treasury a revolving fund to be designated as the "industrial development fund." Such funds as may be deposited in the fund shall be used, either as loans or grants, for the purpose of making the state's contribution for matching federal grants available under the provisions of Section 304, Public Works and Economic Development Act of 1965, as amended, for political subdivisions of the state as hereinafter set forth.
MS Code § 57-4-3 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 4 - Industrial Development Fund|§ 57-4-3. State contributions made as loans deemed full faith and credit obligations of political subdivisions

 Any state contribution made as a loan on behalf of a political subdivision under the provisions of this chapter is hereby made a full faith and credit obligation of such political subdivision to the State of Mississippi, and binding on the governing body obtaining such state contribution and their successors in office until repaid in full as to principal and interest thereon, without regard to existing statutory limitations.
MS Code § 57-4-5 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 4 - Industrial Development Fund|§ 57-4-5. Content and form of copy of political subdivision's resolution, order or excerpt of minutes

 The agricultural and industrial board shall require a certified copy of a resolution, order or other appropriate excerpt of the official minutes of the governing authority, to be of such general form and content as the board may deem appropriate, together with application forms for such state contribution.
MS Code § 57-4-7 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 4 - Industrial Development Fund|§ 57-4-7. Contributions made as loans to be evidenced by negotiable promissory notes

 All contributions made as loans by the state under the provisions of this chapter shall be evidenced by negotiable promissory notes of the political subdivision to be in such standard form and content of acceptable banking standards, shall mature at such time, to bear interest as hereinafter provided, and shall bear the signature of the president or presiding officer and the clerk or secretary of the political subdivision and the official seal.
MS Code § 57-4-9 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 4 - Industrial Development Fund|§ 57-4-9. Interest rate on indebtedness for loan

 The indebtedness for a loan incurred hereunder shall bear interest at the rate of five percent (5%) per annum.
MS Code § 57-4-11 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 4 - Industrial Development Fund|§ 57-4-11. Length of indebtedness incurred as loan; repayment in equal annual installments; applicability of debt limitation

 Indebtedness incurred as a loan under the provisions of this chapter shall not exceed five (5) years from the date of the contribution by the state, and any such indebtedness shall be repaid in equal annual installments. Any indebtedness incurred as a loan under the provisions of this chapter shall not be included in computing the debt limit under any other statute.
MS Code § 57-4-13 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 4 - Industrial Development Fund|§ 57-4-13. Levy of tax for repayment of indebtedness; proceedings upon default in repayment of indebtedness

 The governing authority of any county or municipality incurring indebtedness under this chapter is hereby authorized to annually levy a millage on all of the taxable property of such political subdivision at any time after the indebtedness is incurred in an amount sufficient to repay any such indebtedness, and it shall not be charged against the existing authority as to limitations of millage for local governmental purposes. In the event that such indebtedness has not been repaid in accordance with the contract, the agricultural and industrial board shall determine that there is a default in the terms of the promissory note, including interest due thereon, shall enter an order to that effect upon its official minutes, and shall send a certified copy of said order by certified mail to the governing authority of such political subdivision and to the state tax commission. If the default is not satisfied within ninety (90) days after such certified notice, the state tax commission shall deduct from any funds held by the state for disbursement to said political subdivision such amount as is in default, and shall remit it to the agricultural and industrial board for deposit into the industrial development fund.
MS Code § 57-4-15 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 4 - Industrial Development Fund|§ 57-4-15. Proceeds of state contributions to be used only for matching federal funds

 The proceeds of all state contributions as a loan or grant shall be used only for matching federal funds as provided under the provisions of this chapter. The federal funds may also be matched by the provision of in-kind services, equipment, personnel, supplies or other in-kind matching.
MS Code § 57-4-17 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 4 - Industrial Development Fund|§ 57-4-17. Records

 The agricultural and industrial board shall require governing authorities to keep such records as are necessary to assure that the funds are spent in accordance with this chapter.
MS Code § 57-4-19 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 4 - Industrial Development Fund|§ 57-4-19. Deposit of repayments

 All funds received by the board of economic development in repayment of state contributions or unused funds from any project approved by the board shall be promptly deposited into the industrial development fund.
MS Code § 57-4-21 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 4 - Industrial Development Fund|§ 57-4-21. Payment of expenditures for state contributions to be upon warrants drawn on fund

 All expenditures for approved state contributions shall be paid upon warrants drawn on the industrial development fund as created pursuant to this chapter, and the state auditor of public accounts shall issue warrants upon requisitions signed by the director of the agricultural and industrial board, after approval of such state contributions by the board.
MS Code § 57-4-23 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 4 - Industrial Development Fund|§ 57-4-23. Purposes for which funds may be used

 The state participation shall be used only for the purposes of Title I, Public Works and Economic Development Act of 1965, as amended, and expenditures from the industrial development fund shall be used primarily for the development of industrial parks, exclusive of land purchases. If the board determines that such funds will serve a more useful purpose when expended for other purposes approved under said Title I, it shall have the authority to approve applications for such additional purposes and make contributions in accordance with the provisions of this chapter. Prior to the approval of any application for a purpose other than development of an industrial park, the board shall spread upon its minutes the reasons for its determination that the additional purpose will be a better use of the available funds.   No funds shall be expended from the fund for any projects other than those approved by the board, and only after such approval has been spread on the minutes of the board. In the event the board receives applications which would exceed the funds available, it shall approve those projects which appear to have the greatest potential for immediate benefit to the areas most in need of an improved economy.   No applicant shall receive a state contribution in excess of ten percent (10%) of the amount appropriated to the industrial development fund by the 1977 regular session of the Mississippi Legislature.
MS Code § 57-5-1 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 5 - Industrial Parks and Districts|§ 57-5-1. Declaration of public policy

 It is hereby declared that the state public welfare demands and the state public policy requires legislation to encourage the establishment of standard industrial parks or districts by various subdivisions of the state in order to further stimulate the industrial development of the state.
MS Code § 57-5-3 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 5 - Industrial Parks and Districts|§ 57-5-3. Encouragement of establishment of parks

 The Mississippi Agricultural and Industrial Board, hereinafter referred to as the "board," shall be and is hereby authorized, empowered and directed to encourage the establishment of such industrial parks or districts where said parks or districts are found to be necessary to the development of the several municipalities of this state, including counties, supervisors districts, cities, towns or villages, or combinations thereof lying in the same or in adjacent counties, all hereinafter referred to as "municipalities."
MS Code § 57-5-5 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 5 - Industrial Parks and Districts|§ 57-5-5. Establishment of minimum requirements for industrial park or district

 The board shall establish, adopt and promulgate certain specific minimum requirements that will clearly describe and define the minimum requirements for an industrial park or district within the meaning of this chapter. Such minimum requirements shall, in all cases, include a complete engineering study composed of maps of the proposed park or district, details of proposed development, and itemized estimate of all costs involved in acquiring and developing such industrial park or district. Such engineering study, including the details of the proposed development and the cost estimates shall be made by a reputable engineer or engineering firm licensed to do business in Mississippi and qualified to make a survey or study of the cost and feasibility of such an industrial park or district.
MS Code § 57-5-7 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 5 - Industrial Parks and Districts|§ 57-5-7. Assistance to municipality in studying feasibility of establishing industrial park; conduct of joint study by state and municipality

 When any municipality shall desire to have a study made to determine the cost and feasibility of establishing a standard industrial park or district, the governing body of such municipality may, by resolution, make application to the agricultural and industrial board for the assistance to the municipality provided by this chapter. Upon receipt of a written request for such assistance from the governing body of such municipality, the board is authorized and empowered to jointly undertake the study by mutual and written consent with the municipality, and to jointly employ an engineer or engineering firm to make the study. In case of such joint action by the board and the municipality, the board is authorized and empowered to pay up to twenty-five percent (25%) of the cost of such jointly authorized engineering study. However, the amount to be paid by the board shall not exceed a total of two thousand dollars ($2,000.00) for any one municipality.
MS Code § 57-5-9 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 5 - Industrial Parks and Districts|§ 57-5-9. Determination of necessity for establishment of industrial park or district

 The board is charged with the duty of making effective the declared public policy of the state and municipalities as hereinabove set forth, and for that purpose is hereby authorized and empowered to determine whether the public convenience and necessity require that any municipality shall have the right to acquire lands, and thereon to bring into completion such "standard" industrial districts or parks and to dispose of or rent, let or lease any part or parts or all of such developed parks or districts for industrial purposes.
MS Code § 57-5-11 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 5 - Industrial Parks and Districts|§ 57-5-11. Application for certificate by municipality; hearings on application

 Each municipality within this state shall have the right to apply to the board for a certificate of public convenience and necessity from the board as to whether the general welfare requires that such municipality enter into the development of such a "standard" industrial park or district. In determining whether such certificate shall be issued, the board may hold hearings, make such investigation as may be desired, and shall have power to summon witnesses, administer oaths, hear testimony and make a record of all things had and done at such hearings or investigations, and to order issued such certificates of convenience and necessity as to the board may seem advisable.
MS Code § 57-5-15 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 5 - Industrial Parks and Districts|§ 57-5-15. Terms and conditions of certificate

 If and when the certificate is issued, the board therein shall fix and determine: (1) The extent and the amount to which the municipality may issue bonds or make expenditures for such development; (2) what property may be acquired therefor; (3) the terms upon which such acquisition may be had; (4) what expenditures may be made to properly develop said property into a "standard" industrial park or district; and, (5) the method of operation of said industrial park by the municipality.
MS Code § 57-5-19 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 5 - Industrial Parks and Districts|§ 57-5-19. Rules and regulations; laws governing bonds and elections

 The board is hereby authorized and empowered to adopt and put into effect all reasonable rules and regulations that it may deem necessary to carry out the provisions of this chapter, not inconsistent therewith, and the board and the municipalities receiving certificates of convenience and necessity under this chapter, shall be governed in holding municipal elections, in the issuance of municipal bonds, their forms, terms, the necessary tax levies, the exemption of bonds from taxation and the joining of various municipalities in establishing said industrial districts, by the same conditions, terms and laws applicable to the issuance of industrial bonds as authorized and provided by Sections 57-1-1 through 57-1-51, 57-1-101 through 57-1-107 and 57-1-131 through 57-1-145.
MS Code § 57-5-21 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 5 - Industrial Parks and Districts|§ 57-5-21. Powers and duties as to industrial parks conferred on other political subdivisions or units; eminent domain

 The several municipalities of this state, including counties, supervisors districts, cities, towns or villages, or combinations thereof contiguous to and lying in the same or adjacent counties, all hereinafter referred to as "municipalities," shall have all the rights, powers and duties as contained in Sections 57-5-1 through 57-5-19, plus the right of eminent domain in the acquisition of up to twenty-five percent(25%) of the land for a "standard" industrial park if and when the owner or owners of at least seventy-five percent (75%) of the acreage involved have either sold such acreage to the municipality or placed such acreage under option to said municipality.
MS Code § 57-5-23 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 5 - Industrial Parks and Districts|§ 57-5-23. Certificate as evidence of authority to exercise power of eminent domain

 The Mississippi Agricultural and Industrial Board, hereinafter referred to as the "board," in issuing a certificate of public convenience and necessity to a municipality to engage in the acquisition and development of a "standard" industrial park or district shall be advised by the municipality of its need to use the power of eminent domain in the acquisition of a part of the acreage involved, not to exceed twenty-five percent (25%), and the board shall so specify in said certificate, which shall be the municipality's evidence of authority to use the power of eminent domain as above specifically defined.
MS Code § 57-7-1 (2020)
2020 Mississippi Code|Title 57 - Planning, Research and Development|Chapter 7 - Sale or Development of Airport Lands, or Other Lands, for Industrial Purposes|§ 57-7-1. Sale or lease of surplus government lands for improvement for industrial and commercial purposes; improvement of property

 In the event that any municipality, county, supervisors district, municipal airport authority, regional airport authority or other governmental subdivision shall have surplus airport land or other lands which are not needed for airport purposes or for other governmental purposes, then such property so designated and described may be set aside and improved for industrial and commercial purposes and the same may thereafter be operated or the same may be leased or sold upon such terms and conditions as a municipality, county, municipal airport authority, regional airport authority or governmental subdivision shall prescribe.   In order to provide for the improvement of such property for industrial and commercial purposes, the municipality or other authority shall be authorized to provide all necessary utilities therefor and to lay out, construct and/or improve and hard-surface roadways, streets, driveways and access roads, railroads and spur tracks, and provide for the grading, drainage, sewer, lights and water, and all other necessary or proper utilities as may be necessary or proper to make such land desirable or useful as a site or sites for industrial and commercial enterprises. The cost and expense of such improvements to said real estate shall be paid for from funds made available from the lease or sale of such lands to the extent such funds are available.