reglab/housing_qa huggingface dataset:
MS Code § 31-17-167 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 17 - State Bonds; Retirement of Bonds|Temporary Borrowings in Anticipation of Issuance of State-Supported Debt|§ 31-17-167. Purpose of Sections 31-17-151 through 31-17-181

 The purpose of Sections 31-17-151 through 31-17-181 is to provide full and complete authority for the state, acting by and through the commission, for such temporary borrowings. No procedure or proceedings, publications, notices, consents, limitations, approvals, orders, acts or things, other than those required by Sections 31-17-151 through 31-17-181, shall be required for such temporary borrowings or to do any act or perform anything under Sections 31-17-151 through 31-17-181 except as otherwise may be prescribed in Sections 31-17-151 through 31-17-181. The powers conferred by Sections 31-17-151 through 31-17-181 shall be in addition and supplemental to, and not in substitution for, and the limitations imposed by Sections 31-17-151 through 31-17-181 shall not affect the powers conferred by any other law. Sections 31-17-151 through 31-17-181 are remedial in nature and shall be liberally construed.
MS Code § 31-17-169 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 17 - State Bonds; Retirement of Bonds|Temporary Borrowings in Anticipation of Issuance of State-Supported Debt|§ 31-17-169. Full and complete authority for all temporary borrowings

 This section and other applicable provisions of Sections 31-17-151 through 31-17-181, without reference to any other statute, shall be deemed full and complete authority for all such temporary borrowings by the state, and shall be construed as an additional and alternative method therefor.
MS Code § 31-17-171 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 17 - State Bonds; Retirement of Bonds|Temporary Borrowings in Anticipation of Issuance of State-Supported Debt|§ 31-17-171. Nothing in Sections 31-17-151 through 31-17-181 to be construed as applicable to obligations other than those that are state-supported

 Nothing in Sections 31-17-151 through 31-17-181 shall be construed as to apply to or limit any debt obligation or related instrument of the state or any other issuers except those obligations or instruments which are or relate to state-supported debt.
MS Code § 31-17-173 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 17 - State Bonds; Retirement of Bonds|Temporary Borrowings in Anticipation of Issuance of State-Supported Debt|§ 31-17-173. Sections 31-17-151 through 31-17-181 deemed to be full and complete authority for exercise of powers granted therein

 Sections 31-17-151 through 31-17-181 shall be deemed to be full and complete authority for the exercise of the powers herein granted, but Sections 31-17-151 through 31-17-181 shall not be deemed to repeal or to be in derogation of any existing law of the state.
MS Code § 31-17-175 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 17 - State Bonds; Retirement of Bonds|Temporary Borrowings in Anticipation of Issuance of State-Supported Debt|§ 31-17-175. Notes to be fully negotiable and shall be "securities" within the meaning of the Uniform Commercial Code

 All notes sold and issued under Sections 31-17-151 through 31-17-181 shall be fully negotiable in accordance with their terms and shall be "securities" within the meaning of Article 8 of the Uniform Commercial Code, subject to the provisions of such notes pertaining to registration. It shall not be necessary to file financing statements or continuation statements to protect the lien and pledge granted by the state to the holders of any notes issued under Sections 31-17-151 through 31-17-181.
MS Code § 31-17-177 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 17 - State Bonds; Retirement of Bonds|Temporary Borrowings in Anticipation of Issuance of State-Supported Debt|§ 31-17-177. Notes and income therefrom exempt from state taxation

 All notes sold and issued under the provisions of Sections 31-17-151 through 31-17-181 and income therefrom shall be exempt from all taxation in the State of Mississippi.
MS Code § 31-17-179 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 17 - State Bonds; Retirement of Bonds|Temporary Borrowings in Anticipation of Issuance of State-Supported Debt|§ 31-17-179. Severability

 If any one or more sections, clauses, sentences or parts of Sections 31-17-151 through 31-17-181 shall for any reason be questioned in any court and shall be adjudged unconstitutional or invalid, such judgment shall not affect, impair or invalidate the remaining provisions of Sections 31-17-151 through 31-17-181, but shall be confined in its operations to the specific provisions so held invalid, and inapplicability or invalidity of any such section, clause, sentence or part shall not be taken to affect or prejudice in any way the remaining part or parts of Sections 31-17-151 through 31-17-181.
MS Code § 31-17-181 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 17 - State Bonds; Retirement of Bonds|Temporary Borrowings in Anticipation of Issuance of State-Supported Debt|§ 31-17-181. Validation of notes

 Any notes sold and issued under the provisions of Sections 31-17-151 through 31-17-181 may, in the discretion of the commission, be validated in the Chancery Court of the First Judicial District of Hinds County, Mississippi, in the manner and with the force and effect provided now or hereafter by Chapter 13, Title 31, Mississippi Code of 1972, for the validation of municipal bonds.
MS Code § 31-25-1 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 25 - Mississippi Development Bank Act|Article 1 - General Provisions|§ 31-25-1. Short title

 This act may be referred to and cited as the "Mississippi Development Bank Act."
MS Code § 31-25-3 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 25 - Mississippi Development Bank Act|Article 1 - General Provisions|§ 31-25-3. Legislative intent; construction

 It is hereby determined and declared to be the policy of the state that, for the benefit of the people of the State of Mississippi, it is essential to foster and promote by all reasonable means the provision of adequate access to capital markets and facilities for borrowing money to finance infrastructure improvements and other public purposes from the proceeds of bonds and to the extent possible to reduce costs of indebtedness to taxpayers and residents of the state through the encouragement of investor interest in the purchase of such bonds as sound and preferred securities for investment. It is further found and declared that the state should exercise its powers to further and implement these policies by authorizing an independent public body to be created and to have full power to borrow money and to issue its bonds and notes to make funds available at reduced rates and on more favorable terms for borrowing as provided in this act. This act shall be liberally construed to accomplish the intentions, purposes and objects expressed herein.
MS Code § 31-25-5 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 25 - Mississippi Development Bank Act|Article 1 - General Provisions|§ 31-25-5. Definitions

 As used in this act, the following words and terms have the following meanings, unless a different meaning clearly appears from the context:   "Act" means this Mississippi Development Bank Act.   "Bank" means the Mississippi Development Bank created by this act.   "Board" means the Board of Directors of the Mississippi Business Finance Corporation.   "Bondholder" or "holder" or any similar term when used with reference to a bond of the bank means any person who shall be the bearer of any outstanding bond of the bank registered to bearer or not registered, or the registered owner of any outstanding bond of the bank which shall at the time be registered other than to bearer.   "Bonds" means bonds, notes or other evidences of indebtedness of the bank issued pursuant to this act.   "County" shall mean a county of this state.   "Fully marketable form" means a duly and validly issued security accompanied by an approving legal opinion of a bond counsel of recognized standing in the field of bond law whose opinions are generally accepted by purchasers of municipal bonds, provided that the security so executed need not be printed or lithographed nor be in more than one (1) denomination.   "Local governmental unit" means (i) any county, municipality, utility district, regional solid waste authority, county cooperative service district or political subdivision of the State of Mississippi, (ii) the State of Mississippi or any agency thereof, (iii) the institutions of higher learning of the State of Mississippi, (iv) any education building corporation established for institutions of higher learning, or (v) any other governmental unit created under state law.   "Municipality" means any municipality of the state, whether operating under the code charter, the commission form of government, a special charter or any other form of government.   "Security" means a bond, note or other evidence of indebtedness issued by a local governmental unit pursuant to the provisions of this act.   "Revenues" means all fees, charges, monies, profits, payments of principal of or interest on securities and other investments, gifts, grants, contributions, appropriations and all other income derived by the bank under this act.   "State" means the State of Mississippi.
MS Code § 31-25-7 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 25 - Mississippi Development Bank Act|Article 1 - General Provisions|§ 31-25-7. Mississippi Development Bank created

 There is hereby created an independent public body corporate and politic to be known as the Mississippi Development Bank. Such bank is created solely to accomplish the purposes of the state under this chapter and the exercise by the bank of the powers conferred by this act shall be deemed and held to be the performance of an essential public function.   The bank and its corporate existence shall continue until terminated by law; provided, however, that no such law shall take effect so long as the bank shall have bonds or other obligations outstanding, unless provision has been made for the full and complete payment thereof. Upon termination of the existence of the bank, all its rights and properties shall pass to and be vested in the state. No net earnings of the bank may inure to the benefit of any person, entity or bank other than the state.
MS Code § 31-25-9 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 25 - Mississippi Development Bank Act|Article 1 - General Provisions|§ 31-25-9. Bank's powers vested in board

 The powers conferred upon the bank hereby are to be vested in the board.
MS Code § 31-25-11 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 25 - Mississippi Development Bank Act|Article 1 - General Provisions|§ 31-25-11. Quorum for conducting business; per diem compensation; expenses

 A majority of the voting members of the board then in office shall constitute a quorum for the purpose of conducting business and exercising its powers. Action may be taken and motions and resolutions adopted by the board upon the affirmative vote of a majority of its members present at any meeting at which a quorum was present. No vacancy in the membership of the board shall impair the right of a quorum to exercise all the rights and perform all the duties of the bank. Notice of meetings shall be given in the manner provided in the bylaws of the bank. Resolutions need not be published or posted. Members of the board shall receive per diem compensation for services in an amount as provided under Section 25-3-69 and shall be entitled to expenses necessarily incurred in the discharge of their duties in accordance with Section 25-3-41. Any payments for compensation and expenses shall be paid from funds of the bank.
MS Code § 31-25-15 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 25 - Mississippi Development Bank Act|Article 1 - General Provisions|§ 31-25-15. Disclosure of contractual interest

 Any member, officer or employee of the bank who is interested either directly or indirectly, or who is an officer or employee of, or has an ownership interest in any firm or agency interested, directly or indirectly, in any contract with the bank, shall disclose this interest to the board. This interest shall be set forth in the minutes of the board, and the member, officer or employee having the interest shall not participate on behalf of the bank in the authorization of any such contract.
MS Code § 31-25-17 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 25 - Mississippi Development Bank Act|Article 1 - General Provisions|§ 31-25-17. Acceptance of membership on bank; nonforfeiture of office or employment

 Notwithstanding the provisions of any other law, no officer or employee of this state shall be deemed to have forfeited or shall forfeit his office or employment by reason of his acceptance of membership on the bank or his services as such member.
MS Code § 31-25-20 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 25 - Mississippi Development Bank Act|Article 1 - General Provisions|§ 31-25-20. Power of bank to loan money to local governmental unit

 In addition to the other powers granted to the bank under this section, the bank shall have the powers:   To make, enter into and enforce all contracts or agreements necessary, convenient or pertaining to any loan to a local governmental unit under this section;   To loan money to local governmental units for any of the purposes set forth in this section;   To charge for its costs and services in reviewing or considering any proposed loan to a local governmental unit and such costs may be established in such manner as the bank shall determine;   To fix and prescribe any form of application or procedure to be required of a local governmental unit for the purpose of any loan to be made to such governmental unit and to fix the terms and conditions of any such loan;   To issue revenue bonds to fund loans to local governmental units for the acquisition, construction and installation of energy related improvements, and other related or similar infrastructure improvements consistent with the intentions, purposes and objects of this section. Before any bonds may be issued for this purpose, the requirements of Section 31-25-28(6) must be satisfied; and   To issue revenue bonds to fund or assist in funding retirement systems established pursuant to Sections 21-29-201 through 21-29-261. Before any revenue bonds may be issued for this purpose, the municipality whose retirement system is being funded by such bonds shall have an actuary perform a study through the Public Employees' Retirement System to determine the effect of such revenue bonds on such retirement system.   To issue bonds in the amount of Five Million Dollars ($5,000,000.00) to provide additional funding for the grant program authorized under Section 18 of Chapter 530, Laws of 1995, which provided funds to counties and municipalities for the construction, renovation and expansion of livestock facilities.
MS Code § 31-25-25 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 25 - Mississippi Development Bank Act|Article 1 - General Provisions|§ 31-25-25. Prohibited transactions

 Under this act the bank may not:   Make loans of money to any person, firm or corporation or purchase securities issued by any person, firm or corporation other than a local governmental unit for investment;   Emit bills of credit, or accept deposits of money for time or demand deposit, or administer trusts, or engage in any form or manner in, or in the conduct of, any private or commercial banking business, or act as a savings bank or savings and loan association;   Be or constitute a bank or trust company within the jurisdiction or under the control of any official of the state or the United States regulating such institutions; or   Be or constitute a banker, broker or dealer in securities within the meaning of or subject to the provisions of any securities, securities exchange, or securities dealers law, of the United States of America or of the state or of any other state.
MS Code § 31-25-29 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 25 - Mississippi Development Bank Act|Article 1 - General Provisions|§ 31-25-29. Intergovernmental cooperation

  The bank may obtain the aid and cooperation of the local governmental units, including those not being assisted by the bank through the purchase of the municipal securities thereof, and the bank and such local governmental units shall have the power to enter into such agreements and arrangements as they deem necessary or advisable to obtain for the bank such aid and cooperation.   In addition to other powers of intergovernmental cooperation granted herein, all officers, departments, boards, agencies, divisions and commissions of the state are authorized and empowered to render any and all of such services to the bank as may be within the area of their respective governmental functions as fixed or established by law and as may be requested by the bank. All of such officers, departments, boards, agencies, divisions and commissions are authorized and directed to comply promptly with any such reasonable request by the bank as to the making of any study or review as to the desirability, need, cost or expense with respect to any local facility, or the financial feasibility thereof or the financial or fiscal responsibility or ability in connection therewith of any local governmental unit making application for financing by the bank. The cost and expense of any services requested by the bank shall, at the request of the officer, department, board, agency, division or commission rendering such services, be met and provided for by the bank.   The bank is authorized to accept such monies as may be appropriated by the state at any time or from time to time.
MS Code § 31-25-33 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 25 - Mississippi Development Bank Act|Article 1 - General Provisions|§ 31-25-33. Exemption from taxation

 As set forth in the declaration of finding and purpose herein, the bank will be performing an essential governmental function in the exercise of the powers conferred upon it by this act, and the bonds of the bank issued pursuant to this act, and the income therefrom including any profit made on the sale thereof and all its fees, charges, gifts, grants, revenues, receipts, and other moneys received, pledged to pay or secure the payment of such bonds shall at all times be free from taxation of every kind by the state and by the municipalities and all other political subdivisions of the state.   The property of the bank and its income and operation shall be exempt from taxation or assessments upon any property acquired or used by the bank under the provisions of this act.
MS Code § 31-25-35 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 25 - Mississippi Development Bank Act|Article 1 - General Provisions|§ 31-25-35. Report; audit of books and accounts

 The bank shall submit to the Governor within ninety (90) days after the end of its fiscal year a complete and detailed report setting forth:   Its operations and accomplishments;   Its receipts and expenditures during such fiscal year;   Its assets, including an itemized list of municipal securities held by it, and liabilities at the end of its fiscal year, including the status of reserve or other special funds together with a statement of changes in its assets, liabilities and funds during such fiscal year; and   A schedule of its bonds outstanding at the end of its fiscal year, together with a statement of the amounts redeemed and incurred during such fiscal year.   The bank shall cause an audit of its books and accounts to be made at least once a year by certified public accountants and the cost thereof shall be considered an expense of the bank and a copy thereof shall be filed with the State Treasurer.
MS Code § 31-25-41 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 25 - Mississippi Development Bank Act|Article 1 - General Provisions|§ 31-25-41. Pledge of revenues or other moneys

 Any pledge of revenues or other moneys made by the bank shall be valid and binding from the time when the pledge is made. The revenues or other moneys so pledged and thereafter received by the bank shall immediately be subject thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having notice thereof. Neither the resolution nor any other instrument by which a pledge is created or any statement with respect thereto need be filed or recorded, except in the records of the bank.
MS Code § 31-25-43 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 25 - Mississippi Development Bank Act|Article 1 - General Provisions|§ 31-25-43. Establishment of funds or accounts

 The bank may establish such funds or accounts as may be, in its discretion, necessary or desirable to further the accomplishment of the purposes of the bank or to comply with the provisions of any agreement made by or any resolution of the bank.
MS Code § 31-25-45 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 25 - Mississippi Development Bank Act|Article 1 - General Provisions|§ 31-25-45. Purchase of bonds by Bank

 The bank, subject to such agreements with bondholders as may then exist, shall have power out of any funds available therefor to purchase bonds of the bank, which shall thereupon be cancelled, at a price or prices as shall be determined by the bank.
MS Code § 31-25-47 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 25 - Mississippi Development Bank Act|Article 1 - General Provisions|§ 31-25-47. Agreements or contracts for safekeeping of municipal bonds or other investments

 The bank may enter into agreements or contracts with any bank, trust companies, banking or financial institutions within or without the state as may be necessary, desirable or convenient in the opinion of the bank for rendering services to the bank in connection with the care, custody or safekeeping of municipal bonds or other investments held or owned by the bank and services in connection with the payment or collection of amounts payable as to principal or interest, and for services in connection with the delivery to the bank of municipal bonds or other investments purchased by it or sold by it, and to pay the cost of those services. The bank may also, in connection with any of the services to be rendered by any banks, trust companies or banking or financial institutions as to the custody and safekeeping of any of its municipal bonds or investments, require security in the form of collateral bonds, surety agreements or security agreements in such form and amount as, in the opinion of the bank, is necessary or desirable for the purpose of the bank.