reglab/housing_qa huggingface dataset:
MS Code § 31-23-67 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 23 - Mississippi Private Activity Bonds Allocation Act|§ 31-23-67. Timeliness of statements accompanying applications; record of allocations; notices

 The following provisions shall apply to the system:   Any written statements or opinions of bond counsel and legal counsel and the commitment from a lender, financial institution, underwriter or investment banker accompanying any applications shall be dated no more than thirty (30) days prior to the date on which the application is filed. Such opinions, commitments and any other items accompanying an application shall be in substantially the form or forms promulgated or required by the board from time to time.   The board shall maintain a record of the notices of allocation issued and the amount of the state's ceiling available from time to time and related data in a register thereof. Notices of allocation shall be deemed to be issued when such allocation is registered in the register. Other notices and written communications from the board shall be deemed to have been given when duly deposited in the United States mail, first class, with all postage prepaid. Notices of allocation may, at the request of the applicant, be picked up by hand at the offices of the board or be delivered by courier or other delivery service at the expense of the applicant. Notices and other written communications to, and filings with, the board shall be deemed given or made when actually received by the board, whether by actual delivery to the offices of the board or by United States mail, first class, with all postage prepaid.   Notwithstanding anything in this act to the contrary, the board may give a notice of its intention during any year to issue a notice of allocation during the next year. Such notice of intention shall be for informational purposes only, and shall not be binding upon the board.
MS Code § 31-23-69 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 23 - Mississippi Private Activity Bonds Allocation Act|§ 31-23-69. Effect of changes in federal tax laws

 In the event that interest on exempt small issue bonds and/or mortgage revenue bonds is no longer excludable from federal income tax under federal law the provisions of this act with respect to exempt small issue bonds and/or mortgage revenue bonds, as applicable, thereafter shall be deemed to be of no further force and effect.
MS Code § 31-27-1 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 27 - Mississippi Bond Refinancing Act|§ 31-27-1. Short title

 This chapter shall be known and may be cited as the "Mississippi Bond Refinancing Act."
MS Code § 31-27-3 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 27 - Mississippi Bond Refinancing Act|§ 31-27-3. Definitions

 The following terms whenever used or referred to in this chapter shall have the following meaning, unless a different meaning appears from the context:   "Bond" or "bonds" means every duly authorized, executed and delivered instrument evidencing an obligation incurred by a governmental unit for the payment or repayment of money, which obligation matures more than one (1) year from the date of said instrument. The terms "bond" or "bonds" shall also include refunding bonds.   "Governing body" means the duly elected or appointed legislative body of a political subdivision or such other body which is charged by law with governing the political subdivision. As to the state, the term "governing body" means the State Bond Commission.   "Holder of bonds" or "bondholder" or any similar term means any person who shall be the bearer of any bond or bonds registered to bearer or not registered, or the registered owner of any such bond or bonds which shall at the time be registered other than to bearer.   "Law" means any act or statute, general, special or local, of this state;   "Governmental unit" means the State of Mississippi, any county, municipality, school district, special services district, or any other district, commission, board, corporation, agency, levee district, drainage district, department, authority or political subdivision of this state;   "Refunding bonds" means bonds issued under this chapter;   "Resolution" means a resolution, ordinance, act, record of minutes, or other appropriate enactment of a governing body; and   "State" means the State of Mississippi.
MS Code § 31-27-5 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 27 - Mississippi Bond Refinancing Act|§ 31-27-5. Legislative intent; construction

 The purpose of this chapter is to provide full and complete authority to governmental units for the issuance of refunding bonds. No procedure or proceedings, publications, notices, consents, limitations, approvals, orders, acts or things by any governing body of any governmental unit, other than those required by this chapter, shall be required to issue any refunding bonds or to do any act or perform anything under this law except as may be prescribed herein. The powers conferred by this chapter shall be in addition and supplemental to, and not in substitution for, and the limitations imposed by this chapter shall not affect, the powers conferred by any other law. The principal amount of any bond for which refunding bonds have been issued under this chapter and for which governmental obligations described in Section 31-27-15 have been placed in escrow in an amount sufficient to pay the principal of and interest on such bonds and any redemption premium on such bonds as set forth in Section 31-27-15 shall not be considered outstanding bonded indebtedness for the purpose of determining the debt limitation of the governmental unit. This chapter is remedial in nature and shall be liberally construed.
MS Code § 31-27-7 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 27 - Mississippi Bond Refinancing Act|§ 31-27-7. Issuance of refunding bonds

 Refunding bonds shall be issued pursuant to an authorizing resolution of the governing body of a governmental unit. Refunding bonds may be issued in one or more series, may bear such date or dates, may mature at such time or times (either serially or term or a combination thereof), may bear interest at such rate or rates not to exceed that allowed by law for the class of bonds being used to effect the refunding, may be in such denominations, may be in such form (either coupon or registrable as to principal or fully registered or a combination), may carry such registration and conversion privileges, may have such sinking fund provisions, may be executed in such manner, may be payable in such medium of payment and at such place (either within or without the state) at such time or times, may be subject to such terms of redemption (with or without premium), may be declared or become due prior to the maturity date thereof, may be sold at public or private sale (which sale shall be on such terms and in such manner as the governing body shall determine), may provide for the replacement of mutilated, destroyed, stolen or lost bonds, may be authenticated in such manner and upon compliance with such conditions, and may contain such other terms and covenants (including, without limitation, covenants for the security and better marketability of such refunding bonds), as may be provided by resolution of the governing body of the governmental unit.
MS Code § 31-27-9 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 27 - Mississippi Bond Refinancing Act|§ 31-27-9. Escrow account; banking corporation as trustee for bondholders

 The governing body of any governmental unit may, in addition to the other powers conferred, include provisions in any resolution authorizing the issuance of refunding bonds, which shall be a part of the contract with the holders of the refunding bonds, as to:   The establishment of an escrow account in accordance with the provisions of Section 31-27-15;   The appointment of a banking corporation or association within or without the state which is a member of the Federal Deposit Insurance Corporation, or any successor thereto, to act as trustee for the bondholders, and the authorization, execution and delivery of an agreement evidencing the contractual relationships among the governmental unit, the trustee and bondholders, which agreement may contain such terms, conditions and covenants as the governing body shall determine;   The appointment of a banking corporation or association within or without the state which is a member of the Federal Deposit Insurance Corporation, or any successor thereto, to hold in escrow any escrow account consistent with the provisions of Section 31-27-15, and the authorization, execution and delivery of an agreement relating to such escrow account evidencing the contractual relationships among the governmental unit, such banking corporation or association and related parties, which agreement may contain such terms, conditions and covenants as the governing body shall determine; and   The execution of all instruments necessary or convenient in the exercise of the powers granted by this chapter or in the performance of the duties of the governmental unit and the officers, agents and employees thereof.
MS Code § 31-27-11 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 27 - Mississippi Bond Refinancing Act|§ 31-27-11. Security for refunding bonds

 Refunding bonds may be secured by a pledge of: (a) the same source of security as the bonds to be refunded, or (b) such other security as the governing body of the governmental unit may lawfully pledge, or both; all as may be provided by resolution of the governing body of the governmental unit.
MS Code § 31-27-13 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 27 - Mississippi Bond Refinancing Act|§ 31-27-13. Amount of refunding bonds authorized to be issued

 The total amount of refunding bonds to be issued under this chapter 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, (b) interest accrued or to accrue to the date of maturity or the date of redemption of the bonds 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 appropriate by the governing body of the governmental unit, including, without limitation, the expenses of preparing and delivering the refunding bonds, legal fees, financial advisor fees, consultant fees, and other expenses incurred in connection with the issuance, sale and delivery of the refunding bonds.   Refunding bonds issued under this chapter shall result in an overall net present value savings to maturity of not less than two percent (2%) of the bonds being refunded.
MS Code § 31-27-15 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 27 - Mississippi Bond Refinancing Act|§ 31-27-15. Sale of refunding bonds and disposition of proceeds

 Refunding bonds may be sold and proceeds thereof may be applied to the payment of the bonds refunded or, as to such bonds as are not yet maturing, such proceeds may be deposited in escrow to be held until such time as the bonds to be refunded become available for payment by maturity, call for redemption in whole or in part (which need not necessarily be on the first available redemption date) or otherwise and during such period of escrow may be invested, without regard to the limitations imposed by any other law, in direct obligations of the United States of America or any of its agencies or in obligations fully guaranteed or insured by the United States of America which bear interest at such rates as to provide funds which, together with any uninvested money placed in such escrow, will be sufficient to pay when due or called for redemption the bonds so refunded, together with interest accrued and to accrue thereon and redemption premiums, if any, and the expenses relating to such escrow, and such refunding bond proceeds or obligations so purchased therewith, together with other funds legally available therefor, may be deposited in escrow with a banking corporation or association which is a member of the Federal Deposit Insurance Corporation, or any successor thereto. Such refunding bonds may also be sold and the proceeds thereof may also be applied to the payment of the bonds refunded in accordance with any method of refunding deemed by the governing body of a governmental unit to be advantageous to the governmental unit, and any escrow established in connection therewith shall be in accordance with the terms and conditions of any related escrow agreement approved and entered into by the governing body of a governmental unit.
MS Code § 31-27-17 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 27 - Mississippi Bond Refinancing Act|§ 31-27-17. Refinancing of outstanding bonds by issuance of refunding bonds

 The governing body of a governmental unit may refinance outstanding bonds through the issuance of refunding bonds and the exchange of such refunding bonds for the bonds to be refunded. Any such refunding may be effected whether or not the bonds to be refunded shall have then matured or shall thereafter mature.
MS Code § 31-27-19 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 27 - Mississippi Bond Refinancing Act|§ 31-27-19. Negotiability of refunding bonds

 All refunding bonds issued under this chapter 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 bonds pertaining to registration. It shall not be necessary to file financing statements or continuation statements to protect the lien and pledge granted by a governmental unit to the holders of any refunding bonds issued under this chapter.
MS Code § 31-27-21 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 27 - Mississippi Bond Refinancing Act|§ 31-27-21. Tax treatment

 All refunding bonds issued under this chapter, and all interest thereon and income therefrom, shall be exempt from taxation to the same extent that the refunded bonds are exempt from taxation.
MS Code § 31-27-23 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 27 - Mississippi Bond Refinancing Act|§ 31-27-23. Judicial validation and related procedures

 The refunding bonds authorized under authority of this chapter may, in the discretion of the governing body of the governmental unit, be validated in the chancery court of the county in which the governing body resides 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. If the governing body is the State Bond Commission, the residence of the commission shall be Hinds County for the purposes of this section. The necessary papers shall be transmitted to the state's bond attorney by the governing body, and the required notice shall be published in a newspaper having general circulation in the State of Mississippi or the county in which the refunding bonds are to be validated.
MS Code § 31-27-25 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 27 - Mississippi Bond Refinancing Act|§ 31-27-25. Savings clause

 If any one or more sections, clauses, sentences or parts of this chapter 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 this chapter, but shall be confined in its operations to the specific provisions so held invalid, and inapplicability or invalidity of any such section, clause, provision or part shall not be taken to affect or prejudice in any way the remaining part or parts of this chapter.
MS Code § 31-29-1 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 29 - Institute for Technology Development|§ 31-29-1. Definitions

 As used in this chapter, "general obligation bonds" means bonds of the State of Mississippi, to the repayment of which, both as to principal and interest, the full faith, credit and taxing power of the State of Mississippi are irrevocably pledged until the principal and interest is paid in full.
MS Code § 31-29-3 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 29 - Institute for Technology Development|§ 31-29-3. Authorization to issue bonds to defray unappropriated expenses of Institute for Technology Development; limitations as to amount

 The State Bond Commission shall have the power and is hereby authorized, at one time or from time to time prior to June 30, 1994, to issue negotiable general obligation bonds of the State of Mississippi to pay all or any part of the cost of defraying the state's share of supporting the Institute for Technology Development for any fiscal year in which the institute does not receive the requisite amount pursuant to legislative appropriation. The total amount of bonds which may be issued pursuant to this chapter shall not exceed Six Million Dollars ($6,000,000.00).
MS Code § 31-29-7 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 29 - Institute for Technology Development|§ 31-29-7. Bonds to be negotiable instruments; bonds and income tax exempt

 All general obligation bonds of the State of Mississippi and interest coupons issued under the provisions of this chapter shall have and are hereby declared to have all the qualities and incidents of negotiable instruments under the negotiable instruments law of the State of Mississippi. Such bonds and the income therefrom shall be exempt from all taxation within the State of Mississippi.
MS Code § 31-29-9 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 29 - Institute for Technology Development|§ 31-29-9. Sale of bonds; price; notice of sale

 The State Bond Commission shall sell such bonds in the manner and at a price which will result in the lowest interest rate on the best terms obtainable for the state, but no such sale shall be made at a price less than par plus accrued interest to date of delivery of the bonds to the purchaser. Notice of the sale of any such bonds shall be published at least one time not less than ten (10) days prior to the date of sale and shall be so published in one or more newspapers having a general circulation in the City of Jackson and in one or more other newspapers or financial journals as may be directed by the State Bond Commission.
MS Code § 31-29-11 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 29 - Institute for Technology Development|§ 31-29-11. Institute for Technology Development Fund; proceeds of bonds to be used solely for support of institute

 Upon the issuance and sale of such bonds, the State Bond Commission shall transfer the proceeds of any such sale or sales to a special fund in the State Treasury to be known as the "Institute for Technology Development Fund." The proceeds of such bonds shall be used solely for the payment of the cost of the state's share of supporting the Institute for Technology Development, which shall include costs incident to the issuance and sale of such bonds, and shall be disbursed solely upon the order of the State Treasurer under such restrictions, if any, as may be contained in the resolution providing for the issuance of the bonds.
MS Code § 31-29-13 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 29 - Institute for Technology Development|§ 31-29-13. Right of holders of bonds or interest coupons

 Any holder of bonds issued under the provisions of this chapter or of any of the interest coupons pertaining thereto may, either at law or in equity, by suit, action, mandamus or other proceeding, protect and enforce any and all rights granted hereunder, or under such resolution, and may enforce and compel performance of all duties required by this chapter to be performed, in order to provide for the payment of bonds and interest thereon.
MS Code § 31-29-15 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 29 - Institute for Technology Development|§ 31-29-15. Necessity of other proceedings or conditions for issuance of bonds; validation of bonds

 Such general obligation bonds may be issued without any other proceedings or the happening of any other conditions or things than those proceedings, conditions and things which are specified or required by this chapter. Any resolution providing for the issuance of general obligation bonds under the provisions of this chapter shall become effective immediately upon its adoption by the State Bond Commission, and any such resolution may be adopted at any regular, special or adjourned meeting of the State Bond Commission by a majority of its members.   The bonds authorized under the authority of this chapter may, in the discretion of the State Bond Commission, be validated in the Chancery Court 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 county, municipal, school district and other bonds. The necessary papers for such validation proceedings shall be transmitted to the State Bond Commission, and the required notice shall be published in a newspaper published in the City of Jackson, Mississippi.
MS Code § 31-29-17 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 29 - Institute for Technology Development|§ 31-29-17. Bonds as legal investments and securities

 All bonds issued under the provisions of this chapter shall be legal investments for trustees and other fiduciaries, and for savings banks, trust companies and insurance companies organized under the laws of the State of Mississippi, and such bonds shall be legal securities which may be deposited with and shall be received by all public officers and bodies of this state and all municipalities and political subdivisions for the purpose of securing the deposit of public funds.
MS Code § 31-29-19 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 29 - Institute for Technology Development|§ 31-29-19. Authority for exercise of powers

 This chapter shall be deemed to be full and complete authority for the exercise of the powers herein granted.
MS Code § 31-29-21 (2020)
2020 Mississippi Code|Title 31 - Public Business, Bonds and Obligations|Chapter 29 - Institute for Technology Development|§ 31-29-21. Withdrawal of funds from Institute for Technology Development Fund

 The funds which are transferred from the sale of bonds under this chapter to the special fund in the State Treasury known as the "Institute for Technology Development Fund" may be withdrawn only in the following manner: Such funds shall be paid by the State Treasurer upon warrants issued by the State Fiscal Management Board, which warrants shall be issued upon requisition signed by the State Treasurer.