reglab/statecodes huggingface dataset:
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-25 - Loans for capital improvements

Whenever the State Department of Education shall determine that any school district is in need of capital improvements to an extent in excess of that which may be financed by the credit then due such school district by the department, the department shall be empowered to advance or lend the school district such sums as in the opinion of the department are necessary to be expended for capital improvements by that school district. Such loans or advances shall be evidenced by appropriate agreements, and shall be repayable in principal by the school district from the annual grants to which the school district shall become entitled and from such other funds as may be available. Such loans or advances shall not constitute a debt of the school district within the meaning of any provision or limitation of the Constitution or statutes of the State of Mississippi. The department shall not advance or lend to any school district any sum in excess of seventy-five percent (75%) of the estimated sum which will accrue to the school district on account of grants to be made to the school district within the twenty (20) years next following the date of the loan or advance. In determining the maximum allowable advance or loan, the department shall assume that the net enrollment in the schools of the school district for the past preceding scholastic year, as confirmed by the audit of net enrollment made by the State Department of Audit, will continue for the period during which the loan is to be repaid.
Codes, 1942, § 6247-07; Laws, 1953, Ex Sess, ch. 13, § 7; Laws, 1960, ch. 294, § 1; Laws, 1964, ch. 385, § 1; Laws, 1968, ch. 391, § 1; Laws, 1972, ch. 465, § 1; Laws, 1980, ch. 454, § 1; Laws, 1988, ch. 357; Laws, 1992, ch. 524, § 16; Laws, 1993, ch. 602, § 13; Laws, 1996, ch. 534, § 6, eff. 7/1/1996.
Amended by Laws, 2024, ch. 484, HB 4130,§ 80, eff. 7/1/2024.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-27 - Requirement of contracts for capital improvements

All capital improvements by any school district which are financed in whole or in part with funds received from the state public school building fund pursuant to an application approved by the commission, shall be constructed by contract entered into and awarded by the board of trustees or other governing body of such school district. The awarding of such contract shall be in the sole province of such board of trustees or other governing body except as is herein provided. No such contract shall be entered into unless and until the site for the location of and the plans and specifications for the construction of the capital improvements shall have been approved by the commission. The commission shall not exclude from approval plans and specifications which involve the use of preengineered steel building systems. Plans and specifications for preengineered steel building systems, in order to be approved by the commission, must be submitted to and certified by an architect or professional engineer registered in the State of Mississippi and not an employee of the contractor, as meeting the minimum requirements of the local building, plumbing and electrical codes, the Southern Standard Building Code, Coastal Region Loading, the Metal Building Manufacturers Association, the American Institute of Steel Construction and the American Iron and Steel Institute, as to design, materials and construction.
Codes, 1942, § 6247-08; Laws, 1953, Ex Sess, ch. 13, § 8; Laws, 1971, ch. 455, § 1, eff. 3/26/1971.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-29 - [Repealed]

Codes, 1942, § 6247-08; Laws, 1953, Ex Sess, ch. 13, § 8; Laws, 1971, ch. 455, § 1; Laws, 1972, ch. 316, § 2; Laws, 1996, ch. 534, § 7, eff. 7/1/1996.
Amended by Laws, 2022, ch. 453, SB 2430,§ 11, eff. 7/1/2022.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-31 - Continuation and functions of state bond commission

The state bond commission now consisting of the governor, attorney general and treasurer of the State of Mississippi, each acting ex officio, is hereby continued in existence for the purpose of this chapter and with full power and authority to issue state school bonds to the extent, for the purposes, and in the manner and subject to the limitations set forth in this chapter.
Codes, 1942, § 6247-09; Laws, 1953, Ex Sess, ch. 13, § 9; Laws, 1955, Ex Sess, ch. 57.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-33 - Authorization of issuance of bonds by state bond commission; limitation on amount of bonds

For the purpose of:
(a)
providing funds to enable the State Board of Education to make loans or advances to school districts as provided by Section
37-47-25
;
(b)
providing funds for the payment and redemption of certificates of credit issued to school districts under Section
37-47-23
, when such funds are not otherwise available ; or
(c)
providing funds in an amount not exceeding Twenty Million Dollars ($20,000,000.00) for the payment of allocations of total funding formula funds to school districts for capital expenditures approved under this act by the State Board of Education which have not been pledged for debt by the school district, when such funds are not otherwise available , the State Bond Commission is authorized and empowered to issue state school bonds under the conditions prescribed in this chapter. The aggregate principal amount of such bonds outstanding at any one (1) time, after deducting the amount of the sinking fund provided for the retirement of bonds issued for such purposes, shall never exceed the sum of One Hundred Million Dollars ($100,000,000.00). Within such limits, however, state school bonds may be issued from time to time under the conditions prescribed in this chapter. None of such bonds so issued shall have a maturity date later than July 1, 2021.
Codes, 1942, § 6247-10; Laws, 1953, Ex Sess, ch. 13, § 10; Laws, 1955, Ex Sess, ch. 64, § 1; Laws, 1960, ch. 294, § 2; Laws, 1964, ch. 385, § 2; Laws, 1968, ch. 391, § 2; Laws, 1972, ch. 465, § 2; Laws, 1978, ch. 503, § 4; Laws, 1980, ch. 454, § 2; Laws, 2001, ch. 518, § 2, eff. 3/30/2001.
Amended by Laws, 2024, ch. 484, HB 4130,§ 81, eff. 7/1/2024.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-35 - Request for issuance of bonds

Before any state school bonds are issued as authorized by this chapter, the state educational finance commission shall transmit to the state bond commission a request for the issuance thereof in the form of a resolution adopted by said state educational finance commission. Said request shall embody the following:
(a)
A schedule showing the aggregate of bonds issued pursuant to previous requests, the purposes for which the same were issued, the annual payments required to retire such bonds and the interest thereon, and the amount of sinking fund applicable to the retirement of such outstanding bonds;
(b)
The amount of bonds sought to be issued, the purpose or purposes for which such bonds are to be issued, and the amount intended for each purpose;
(c)
A schedule showing future annual principal requirements and estimated annual interest requirements on the bonds requested to be issued;
(d)
The estimated amount of the advances which the commission intends to make within the then current fiscal year;
(e)
The aggregate amount for which advances have been approved, but which await completion because the funds necessary to make the same are not available;
(f)
The aggregate amount of certificates of credit issued to school districts which are to be paid or redeemed by the commission with the proceeds of such bonds and for which no funds are otherwise available.
Codes, 1942, § 6247-11; Laws, 1953, Ex Sess, ch. 13, § 11, eff. 7/1/1954.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-37 - Prerequisites to issuance of bonds

If it shall appear to the satisfaction of the state bond commission from the request provided for in Section
37-47-35
:
(a)
That the estimate of the needs for the then current fiscal year as shown pursuant to the requirement of Section
37-47-35
, requires bonds to be issued in the amount requested; and
(b)
That the issue will be within the limitations prescribed by Section
37-47-33
;
then it shall be the duty of the state bond commission to issue state school bonds in accordance with said request.
Codes, 1942, § 6247-12; Laws, 1953, Ex Sess, ch. 13, § 12; Laws, 1955, Ex Sess, ch. 56, § 1.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-39 - Full faith and credit of state pledged to pay bonds

For the purpose of paying the principal of and interest upon all state school bonds issued under the authority of this chapter, there shall be and there is hereby pledged the full faith, credit, and taxing power of the State of Mississippi.
Codes, 1942, § 6247-13; Laws, 1953, Ex Sess, ch. 13, § 13, eff. 7/1/1954.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-41 - Execution of bonds; form, terms and conditions; redemption

All state school bonds issued under the provisions of this chapter shall be signed by the governor, or by his facsimile signature, and attested by the secretary of state. The great seal of the State of Mississippi shall be affixed to or impressed upon each of them. Coupons attached to such bonds may bear only the facsimile signatures of both the governor and secretary of state. Subject to the provisions of this chapter the state bond commission shall have full discretion in providing for the issuance of such bonds and in fixing the terms and details thereof. Said state bond commission may provide for the issuance of such bonds in such form, either coupon or registered, with such registration privileges, and executed in such manner and payable in such medium and at such place or places, and containing such terms, covenants and provisions as the state bond commission may, by resolution or resolutions, provide. All or any part of the bonds issued under the authority of this chapter may be made optional for redemption prior to maturity in the discretion of the state bond commission, and in such case such bonds shall specify the manner in and premiums at which the bonds shall be so redeemable. Such bonds shall not be redeemable before maturity unless same expressly so provide.
Codes, 1942, § 6247-14; Laws, 1953, Ex Sess, ch. 13, § 14; Laws, 1958, ch. 293.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-43 - Printing of bonds; denominations; interest

All bonds issued under the authority of this chapter shall be lithographed or engraved and printed in two (2) or more colors to prevent counterfeiting. Such bonds shall be issued in denominations as shall be specified by the State Bond Commission. No bond shall bear more than one (1) rate of interest; each bond shall bear interest from its date to its stated maturity date at the interest rate specified in the bid; all bonds of the same maturity shall bear the same rate of interest from date to maturity; all interest accruing on such bonds so issued shall be payable semiannually or annually, except that the first interest coupon attached to any such bond may be for any period not exceeding one (1) year.
No interest payment shall be evidenced by more than one (1) coupon and neither cancelled nor supplemental coupons shall be permitted. The interest rate of any one (1) interest coupon shall not exceed eight percent (8%) except that the interest rate of any one (1) coupon issued after March 31, 1981, shall not exceed seven percent (7%).
Codes, 1942, § 6247-15; Laws, 1953, Ex Sess, ch. 13, § 15; Laws, 1973, ch. 313, § 1; Laws, 1980, ch. 438; Laws, 1993, ch. 472, § 1, eff. 3/27/1993.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-45 - Maturity of bonds

All bonds issued under the authority of this chapter shall mature annually. None of such bonds shall have a final maturity date of more than twenty (20) years from the date of the issuance thereof, and in no event shall the final maturity date of any such bonds be later than July 1, 2004. In issuing such bonds, the state bond commission shall be authorized and empowered to provide maturities therefor in such amounts and at such times as the state bond commission shall deem appropriate, proper and feasible. No bonds shall be issued and sold under the provisions of this chapter for less than par and accrued interest.
Codes, 1942, § 6247-16; Laws, 1953, Ex Sess, ch. 13, § 16; Laws, 1960, ch. 294, § 3; Laws, 1964, ch. 385, § 3; Laws, 1968, ch. 391, § 3; Laws, 1972, ch. 465, § 3; Laws, 1978, ch. 503, § 5, eff. 7/1/1978.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-47 - Sale of bonds; disposition of proceeds of sale

All state school bonds issued under the provisions of this chapter shall be sold by the said state bond commission upon sealed competitive bids or proposals after advertisement therefor and publication of the notice of such sale in the manner provided by law.
The proceeds of the sale of all state school bonds shall be placed in the "state public school building fund" and shall be expended only for the purposes authorized by this chapter. However, the premium, if any, received for any such bonds and the accrued interest paid thereon, if any, shall be placed in the sinking fund established for the payment of said bonds.
Codes, 1942, § 6247-17; Laws, 1953, Ex Sess, ch. 13, § 17, eff. 7/1/1954.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-49 - Interim certificates; supplemental powers conferred in issuance of bonds

In anticipation of the issuance of any bonds authorized under the provisions of this chapter, the state bond commission may authorize and issue interim certificates payable to bearer or to the purchaser of the bonds. Such interim certificates may be in such form and may contain such terms, conditions, or provisions and such agreement or agreements relative to their discharge, either through payment or through the delivery of the bonds, as the commission, by resolution or resolutions, determines.
Notwithstanding the foregoing provisions of this section, bonds referred to hereinabove may be issued pursuant to the supplemental powers and authorizations conferred by the provisions of the Registered Bond Act, being Sections
31-21-1
through
31-21-7
.
Codes, 1942, § 6247-18; Laws, 1953, Ex Sess, ch. 13, § 18; Laws, 1983, ch. 494, § 14, eff. 4/11/1983.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-51 - Negotiability of bonds and interim certificates

All bonds issued under the provisions of this chapter and all interim certificates issued under the provisions of this chapter, except those fully registered, shall be fully negotiable within the meaning and for all the purposes of the Uniform Commercial Code.
Codes, 1942, § 6247-18; Laws, 1953, Ex Sess, ch. 13, § 18, eff. 7/1/1954.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-53 - Exemption from taxation of bonds and interim certificates

All bonds and interim certificates issued under the provisions of this chapter and all interest thereon and income therefrom shall be exempt from all taxation, except gift, transfer, and inheritance taxes.
Codes, 1942, § 6247-19; Laws, 1953, Ex Sess, ch. 13, § 19, eff. 7/1/1954.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-55 - Duties of state treasurer

The state treasurer shall keep a record in his office of the issuance of all bonds issued under the provisions of this chapter, and he shall execute a certificate to that effect on the back of each bond, which certificate may be signed by either the original or the facsimile signature of the state treasurer. The state treasurer shall also keep proper records relating to the sale and issuance of bonds under the provisions of this chapter, and the amounts received therefor and paid into the state treasury for the purposes provided in this chapter. He shall also keep a full and complete record of all registered bonds issued under the provisions of this chapter.
Codes, 1942, § 6247-20; Laws, 1953, Ex Sess, ch. 13, § 20, eff. 7/1/1954.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-57 - Payment of expenses of bond commission

The state educational finance commission is hereby authorized and directed to pay, on approval of the governor, out of any funds derived from the issuance of state school bonds or otherwise in its hands and available for such purpose, any expense which may be incurred by the state bond commission or by the State of Mississippi or its officials in connection with the authorization and issuance of bonds and interim certificates under the provisions of this chapter, including the expense of preparing and delivering said bonds or interim certificates, legal fees, and all other expenses necessarily incurred in connection with the issuance, sale, and delivery of any such bonds and interim certificates.
Codes, 1942, § 6247-21; Laws, 1953, Ex Sess, ch. 13, § 21, eff. 7/1/1954.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-59 - Validation of bond issues

All bonds issued 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 now or hereafter provided by Chapter 13, Title 31, of the Mississippi Code of 1972. In the event of such validation, the necessary papers shall be transmitted to the state bond attorney by the secretary of said state bond commission and the required notice shall be addressed to the taxpayers of the State of Mississippi and shall be published in a newspaper of general circulation published in the City of Jackson, Mississippi.
Codes, 1942, § 6247-22; Laws, 1953, Ex Sess, ch. 13, § 22, eff. 7/1/1954.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-61 - Sinking fund

For the purpose of providing for the payment of the principal of and interest upon bonds issued under the provisions of this chapter according to the terms thereof, there shall be and there is hereby established in the state treasury a sinking fund for such payment. Said sinking fund shall consist of the premiums and accrued interest paid upon any such bonds so issued and of such other amount as shall be paid into such fund by appropriation or other authorization by the legislature. In cases where the loan or advance to a school district was made from the proceeds of bonds issued under the provisions of this chapter, the state educational finance commission shall annually pay into said sinking fund the amounts of annual grants to which any school district is entitled and which are used for the repayment of the principal of and interest upon a loan or grant made to such school district under the authority of Section
37-47-25
. However, where the loan or advance was made from accumulations in the state public school building fund the amounts of the annual grants to which the school districts are entitled which are used for the repayment of principal of and interest upon such loan or grant shall be paid into the state public school building fund and not into the bond and interest sinking fund.
Codes, 1942, § 6247-23; Laws, 1953, Ex Sess, ch. 13, § 23, eff. 7/1/1954.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-63 - Construction of chapter; contract between bondholders and state

In consideration of the acceptance and purchase of the bonds authorized under the provisions of this chapter, by those who shall hold the same from time to time, this chapter shall be deemed and shall constitute a contract between the State of Mississippi and such holders and shall be irrepealable until such time as all bonds and interim certificates issued under the provisions of this chapter shall have been fully paid.
Codes, 1942, § 6247-24; Laws, 1953, Ex Sess, ch. 13, § 24, eff. 7/1/1954.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-65 - Construction of chapter; power of school districts to raise funds

Nothing in this chapter shall be construed to prohibit a school district from issuing its bonds, negotiable notes, or certificates of indebtedness for the purposes, in the manner, to the extent, and subject to the limitations provided by Sections
37-59-1
through
37-59-45
, or any other applicable sections, and the authority granted by this chapter shall be construed as being additional, supplemental, and cumulative thereto. The proceeds of the sale of any such bonds, negotiable notes, or certificates of indebtedness so issued by any such school district may be used for the purpose for which they were issued and may be expended in conjunction with funds provided by the state educational finance commission under the provisions of this chapter, or may be expended without such funds, if same be not available.
Codes, 1942, § 6247-25; Laws, 1953, Ex Sess, ch. 13, § 25, eff. 7/1/1954.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 47 - STATE AID FOR CONSTRUCTION OF SCHOOL FACILITIES (§§ 37-47-1 — 37-47-67) › Section 37-47-67 - Appeals

Any county board of education or board of trustees of any school district, including a municipal separate school district, which may be aggrieved by any final rule, regulation, or order of the state educational finance commission adopted under the provisions of this chapter shall have the right to appeal therefrom to the chancery court of the county in which the school district involved or any part thereof is located in like manner, within the same time, with like effect, and subject in all other respects to appeals from orders, rules, and regulations of the state educational finance commission as provided in Chapter 45 of this Title, the provisions of which are hereby made applicable in all respects to appeals from orders, rules, and regulations of the commission under the provisions of this chapter.
Codes, 1942, § 6247-26; Laws, 1953, Ex Sess, ch. 13, § 26, eff. 7/1/1954.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 49 - LOANS TO STUDENTS (§§ 37-49-1 — 37-49-5) › Section 37-49-1 - Short title

This chapter may be cited as the "Uniform Minor Student Capacity to Borrow Law."
Codes, 1942, § 6232-101; Laws, 1970, ch. 270, § 1, eff. 3/3/1970.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 49 - LOANS TO STUDENTS (§§ 37-49-1 — 37-49-5) › Section 37-49-3 - Definitions

As used in this chapter:
(a)
"person" means any individual, corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity;
(b)
"educational institution" means a university, college, community college, junior college, high school, technical, vocational or professional school, or similar institution, wherever located, approved or accredited by the state department of education for the purposes of this chapter, or by the appropriate official, department or agency of the state in which the institution is located; and
(c)
"educational loan" means a loan or other aid or assistance for the purpose of furthering the obligor's education at an educational institution.
Codes, 1942, § 6232-102; Laws, 1970, ch. 270, § 2, eff. 3/3/1970.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 49 - LOANS TO STUDENTS (§§ 37-49-1 — 37-49-5) › Section 37-49-5 - Enforceability of written obligation of minor in consideration of educational loan

Any written obligation that is not usurious signed by a minor sixteen or more years of age in consideration of an educational loan received by him from any person is enforceable as if he were an adult at the time of execution, but only if prior to the making of the educational loan an educational institution has certified in writing to the person making the educational loan that the minor is enrolled, or has been accepted for enrollment, in the educational institution and only if the making of said educational loan is approved in writing prior to the making thereof by at least one parent, legal guardian or person in loco parentis to said minor.
The laws of the State of Mississippi regarding usury shall be applicable regarding all such loans.
Codes, 1942, § 6232-103; Laws, 1970, ch. 270, § 3, eff. 3/3/1970.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 51 - FINANCIAL ASSISTANCE TO CHILDREN ATTENDING NONSECTARIAN PRIVATE SCHOOLS (§§ 37-51-1 — 37-51-21) › Section 37-51-1 - Legislative findings and declarations

It is hereby determined and declared that the state reaffirms its commitment and dedication to public school education; that nothing contained in this chapter shall be construed in any manner whatever to be an abandonment or impairment of public school education in this state; that the state calls upon all public school trustees, administrators, teachers, parents, and the public at large to continue full support of the public school system of this state; and that, especially during these difficult times, all school officials, administrators, teachers and others with primary responsibility for the public school system merit and need continued support and encouragement in their efforts.
Codes, 1942, § 6248-122; Laws, 1969, Ex Sess, ch. 27, § 2, eff. 9/19/1969.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 51 - FINANCIAL ASSISTANCE TO CHILDREN ATTENDING NONSECTARIAN PRIVATE SCHOOLS (§§ 37-51-1 — 37-51-21) › Section 37-51-3 - Administration of chapter

The terms and provisions of this chapter shall be administered and executed by the state educational finance commission. For the purpose of this chapter, the term "commission" shall mean "state educational finance commission" except where the context clearly indicates otherwise.
Codes, 1942, § 6248-121; Laws, 1969, Ex Sess, ch. 27, § 1, eff. 9/19/1969.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 51 - FINANCIAL ASSISTANCE TO CHILDREN ATTENDING NONSECTARIAN PRIVATE SCHOOLS (§§ 37-51-1 — 37-51-21) › Section 37-51-5 - State educational loan fund created

There shall be, and there is hereby, created in the state treasury, a special fund to be known as the "state educational loan fund." The said fund shall consist of such amounts as may be paid into said fund by appropriation and also such amounts as may be returned to said fund as repayments, both principal and interest, from loans provided for in this chapter.
Codes, 1942, § 6248-123; Laws, 1969, Ex Sess, ch. 27, § 3, eff. 9/19/1969.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 51 - FINANCIAL ASSISTANCE TO CHILDREN ATTENDING NONSECTARIAN PRIVATE SCHOOLS (§§ 37-51-1 — 37-51-21) › Section 37-51-7 - General powers and duties of commission

It shall be the duty of the commission to receive and pass upon, allow or disallow, all applications for loans made by students who desire to receive a secular education in any of the grades one through twelve in any school in this state constituting a bona fide school as defined in a general regulation of the commission, other than in the free public school system of this state, and who are acceptable for enrollment in any approved nonfree school system. The commission may make such investigation into the financial status of the parents of such students who apply for loans as it deems advisable, to determine the extent of the need for said loan. The commission may prescribe such rules and regulations as it may deem necessary and proper to carry out the purposes of this chapter.
The commission shall have the authority to grant loans from the "state educational loan fund" to such applicants as are qualified to receive them and on such terms as may be prescribed by regulation of the commission and by this chapter.
Codes, 1942, § 6248-124; Laws, 1969, Ex Sess, ch. 27, § 4, eff. 9/19/1969.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 51 - FINANCIAL ASSISTANCE TO CHILDREN ATTENDING NONSECTARIAN PRIVATE SCHOOLS (§§ 37-51-1 — 37-51-21) › Section 37-51-9 - "Secular education of children" defined

The "secular education of children" as used in this chapter shall mean the education of children in those subjects, and only those subjects, which are required to be taught by state law to the same extent as those subjects are taught in the public schools of the state or which are provided in public schools throughout the state; it shall not include the education of children in any course in religion or any course expressing religious teaching or the morals or forms of worship of any sect.
Codes, 1942, § 6248-126; Laws, 1969, Ex Sess, ch. 27, § 6, eff. 9/19/1969.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 51 - FINANCIAL ASSISTANCE TO CHILDREN ATTENDING NONSECTARIAN PRIVATE SCHOOLS (§§ 37-51-1 — 37-51-21) › Section 37-51-11 - Eligibility for loans

In addition to the requirements set out in Section
37-51-7
, to be eligible for a loan an applicant must:
(a)
Be a bona fide actual resident of the State of Mississippi; and
(b)
Attend any bona fide approved nonfree elementary or secondary school.
Codes, 1942, § 6248-125; Laws, 1969, Ex Sess, ch. 27, § 5, eff. 9/19/1969.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 51 - FINANCIAL ASSISTANCE TO CHILDREN ATTENDING NONSECTARIAN PRIVATE SCHOOLS (§§ 37-51-1 — 37-51-21) › Section 37-51-13 - Applications for loans; certifications; transfers

An applicant shall not have to submit but one initial application for a loan; thereafter, he or she shall file a request for each additional year's loan amount up to the maximum amount allowed. Accompanying each said request shall be a certification from the school which applicant is attending certifying that the applicant is in attendance and in good standing.
Each application by or on behalf of said student shall be signed by and be made also in the name of the parent or legal guardian of said student if he or she be a minor. However, the parent or legal guardian shall not be considered the applicant for the purposes of the limitations in Section
37-51-15
.
In the event that the applicant transfers to another approved school within the state, he shall cause the certification to immediately go forth to the commission, setting out the school from which and to which he has transferred.
Codes, 1942, §§ 6248-126, 6248-127; Laws, 1969, Ex Sess, ch. 27, §§ 6, 7, eff. 9/19/1969.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 51 - FINANCIAL ASSISTANCE TO CHILDREN ATTENDING NONSECTARIAN PRIVATE SCHOOLS (§§ 37-51-1 — 37-51-21) › Section 37-51-15 - Limitations on amounts of loans

Applicants who are granted loans may receive a loan in any amount, not exceeding two thousand four hundred dollars ($2,400.00) to any one applicant. Said amount is to be paid in annual, semiannual or quarterly installments not exceeding two hundred dollars ($200.00) per school year, and shall be used to defray part of the applicant's tuition and other costs of attending said schools. The loans herein provided shall not exceed the limitations set out above, but they may be for any such lesser amounts as may be required.
Codes, 1942, § 6248-126; Laws, 1969, Ex Sess, ch. 27, § 6, eff. 9/19/1969.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 51 - FINANCIAL ASSISTANCE TO CHILDREN ATTENDING NONSECTARIAN PRIVATE SCHOOLS (§§ 37-51-1 — 37-51-21) › Section 37-51-17 - Contract agreeing to terms and conditions of loans; suits on contracts

Each applicant, if an adult, or his parent or legal guardian in his behalf, if a minor, before being granted a loan shall enter into a contract with the State of Mississippi agreeing to the terms and conditions upon which the loan shall be made. Said contract shall include such terms and conditions as are necessary to carry out the full purpose and intent of this chapter. The form of said contract shall be prepared and approved by the attorney general of this state, and said contract shall be signed by the executive secretary of the commission.
The commission is hereby vested with full and complete authority to sue in its own name any applicant for any balance due the state on any such contract. Such suit shall be filed and conducted by the attorney general of the State of Mississippi, or by private counsel, which the commission is hereby authorized to employ for such purpose.
Codes, 1942, § 6248-127; Laws, 1969, Ex Sess, ch. 27, § 7, eff. 9/19/1969.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 51 - FINANCIAL ASSISTANCE TO CHILDREN ATTENDING NONSECTARIAN PRIVATE SCHOOLS (§§ 37-51-1 — 37-51-21) › Section 37-51-19 - Repayment of loans

Any loans made or granted to any applicant shall be made and based upon the following conditions of repayment:
(a)
Repayment in full of the principal of the loan may be made at any time prior to three years after graduation from or termination of attendance in an approved school, plus simple interest at the rate of three percent per annum from the date of each payment made to applicant.
(b)
Repayment of the principal of the loan after three years from the date of graduation from or termination of attendance in an approved school shall be with interest at the rate of four percent per annum from the date of each payment made to applicant. From and after the fourth year following graduation or termination of attendance in an approved school, the rate of interest to be paid on the remaining unpaid balance, after such fourth year, shall increase at the rate of one-half percent per annum to a maximum of eight percent.
(c)
No applicant shall be entitled to more than twelve years after said graduation or termination of attendance in an approved school within which to repay said loan.
Codes, 1942, § 6248-128; Laws, 1969, Ex Sess, ch. 27, § 8, eff. 9/19/1969.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 51 - FINANCIAL ASSISTANCE TO CHILDREN ATTENDING NONSECTARIAN PRIVATE SCHOOLS (§§ 37-51-1 — 37-51-21) › Section 37-51-21 - Reduction of loans

The amount of any loan made or granted to any applicant shall be reduced by a credit at the rate of one hundred dollars ($100.00) per annum for each year from and after five years from the initial date of the granting of said loan that applicant continues to reside in the State of Mississippi.
In addition, the amount of said loan shall be reduced by a credit at the rate of one hundred dollars ($100.00) per annum for each year that applicant continues his education at any junior college, college or university within the State of Mississippi after his graduation or termination from secondary school.
In addition, the amount of said loan shall be reduced by a credit at the rate of two hundred dollars ($200.00) per annum for each year that applicant resides within the state and teaches in any school system therein, beginning from the date of his certification or licensing by the state department of education to teach in any such system.
Codes, 1942, § 6248-128; Laws, 1969, Ex Sess, ch. 27, § 8, eff. 9/19/1969.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 53 - SUMMER NORMALS [Repealed] (§ 37-53-1) › Section 37-53-1 - through 37-53-7 - [Repealed]

Codes, 1930, § 6742; 1942, § 6580, § 6581, § 6582, § 6583; Laws, 1924, ch. 283; Laws, 1930, ch. 278.
Repealed by Laws, 2016, ch. 352, HB 1000, 1, eff. 7/1/2016.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 55 - SCHOOL LIBRARIES (§ 37-55-1) › Section 37-55-1 - through 37-55-5 - [Repealed]

Codes, 1930, § 6787; 1942, § 6630; Laws, 1924, ch. 283; Laws, 1930, ch. 278; Laws, 1970, ch. 386, § 1, eff. 7/1/1970.
Repealed by Laws, 2021, ch. 339, HB 487,§ 1, eff. 3/17/2021.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 57 - TAXATION (§§ 37-57-1 — 37-57-133) › TAX LEVY FOR SUPPORT OF ADEQUATE EDUCATION PROGRAM (§§ 37-57-1 — 37-57-3) › Section 37-57-3 - through 37-57-7 - [Repealed]

Repealed by Laws, 1986, ch. 492, § 189, eff. 7/1/1987.
§ 37-57-3. [Codes, 1942, § 6518-02; Laws, 1954, ch. 261, § 2] § 37-57-5. [Codes, 1942, § 6518-03; Laws, 1954, ch. 261, § 3] § 37-57-7. [Codes, 1942, § 6518-04; Laws, 1954, ch. 261, § 4; 1958, ch. 305]
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 57 - TAXATION (§§ 37-57-1 — 37-57-133) › ADDITIONAL TAX LEVY TO COVER EXPENSES, FUNDS FOR WHICH ARE NOT PROVIDED BY MINIMUM EDUCATION PROGRAM [Repealed] (§ 37-57-21) › Section 37-57-21 - through 37-57-35 - [Repealed]

Repealed by Laws, 1983, ch. 471, § 28, eff. 7/1/1983.
§§ 37-57-21 through 37-57-25. [Codes, 1942, § 6518-05; Laws, 1954, ch. 261, § 5; 1956, ch. 274, §§ 1, 2; 1962, ch. 359] § 37-57-27. [Codes, 1942, § 6518-05; Laws, 1954, ch. 261, § 5; 1956, ch. 274, §§ 1, 2; 1962, ch. 359; 1975, ch. 411; 1977, ch. 324] § 37-57-29 through 37-57-33. [Codes, 1942, § 6518-05; Laws, 1954, ch. 261, § 5; 1956, ch. 274, §§ 1, 2; 1962, ch. 359] § 37-57-35. [Codes, 1942, § 6518-06; Laws, 1954, ch. 261, § 6]
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 57 - TAXATION (§§ 37-57-1 — 37-57-133) › ADDITIONAL TAX LEVY UPON PETITION OF BOARD OF TRUSTEES OF SCHOOL DISTRICTS [Repealed] (§ 37-57-51) › Section 37-57-51 - through 37-57-53 - [Repealed]

Repealed by Laws, 1983, ch. 471, § 28, eff. 7/1/1983.
§ 37-57-51. [Codes, 1942, §§ 6518-07, 6518-07.5; Laws, 1954, ch. 261, § 7; 1962, ch. 360, §§ 1, 3] § 37-57-53. [Codes, 1942, § 6518-10; Laws, 1954, ch. 261, § 10]
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 57 - TAXATION (§§ 37-57-1 — 37-57-133) › ADDITIONAL TAX LEVY FOR GENERAL SCHOOL PURPOSES [Repealed] (§ 37-57-61) › Section 37-57-61 - [Repealed]

Repealed by Laws, 1983, ch. 471, § 28, eff. 7/1/1983.
Codes, 1942, § 6518-05.5; Laws, 1968, ch. 407, §§ 1-3.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 57 - TAXATION (§§ 37-57-1 — 37-57-133) › ADDITIONAL TAX LEVY FOR BENEFIT OF CONSOLIDATED SCHOOL DISTRICTS [Repealed] (§ 37-57-71) › Section 37-57-71 - [Repealed]

Repealed by Laws, 1983, ch. 471, § 28, eff. 7/1/1983.
Codes, 1942, § 6518-05.7; Laws, 1970, ch. 357, §§ 1-3.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 57 - TAXATION (§§ 37-57-1 — 37-57-133) › ADDITIONAL TAX LEVY FOR INCREASING TEACHERS' SALARIES [Repealed] (§ 37-57-81) › Section 37-57-81 - [Repealed]

Repealed by Laws, 1983, ch. 471, § 28, eff. 7/1/1983.
Codes, 1942, §§ 6518-06.5, 6518-06.7, 6518-06.9; Laws, 1966, ch. 314, §§ 1, 2; ch. 434, §§ 1-4; 1968, ch. 299, §§ 1-3; 1970, ch. 382, § 1.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 57 - TAXATION (§§ 37-57-1 — 37-57-133) › ADDITIONAL TAX LEVY FOR CAPITAL OUTLAY AND NON-MAINTENANCE OPERATIONS [Repealed] (§ 37-57-91) › Section 37-57-91 - [Repealed]

Repealed by Laws, 1983, ch. 471, § 28, eff. 7/1/1983.
Codes, 1942, § 6519.5; Laws, 1955, Ex Sess, ch. 59, §§ 1, 2.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 57 - TAXATION (§§ 37-57-1 — 37-57-133) › ADDITIONAL TAX LEVY TO SUPPORT SCHOOL DISTRICTS' EXPENDITURES (§§ 37-57-101 — 37-57-108) › Section 37-57-101 - and 37-57-103 - [Repealed]

Repealed by Laws, 1983, ch. 471, § 28, eff. 7/1/1983.
§ 37-57-101. [Codes, 1942, §§ 6518-21, 6518-22, 6518-23, 6518-24, 6518-26; Laws, 1968, ch. 421, §§ 1-4, 6; 1969, Ex Sess, ch. 29, § 1] § 37-57-103. [Codes, 1942, § 6518-25; Laws, 1968, ch. 421, § 5]
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 57 - TAXATION (§§ 37-57-1 — 37-57-133) › ADDITIONAL TAX LEVY TO SUPPORT SCHOOL DISTRICTS' EXPENDITURES (§§ 37-57-101 — 37-57-108) › Section 37-57-108 - Issuance of promissory notes by school districts in event of revenue shortfall

In the event that the amount of revenue collected or estimated to be collected from local sources, on behalf of a school district during a fiscal year, is less than the amount provided for in the duly adopted budget of said school district for the fiscal year, then the school district may issue promissory notes in an amount and in the manner set forth in Section
27-39-333
, not to exceed the estimated shortfall of revenue from local sources, but in no event to exceed twenty-five percent (25%) of its budget anticipated to be funded from the sources of the shortfall for the fiscal year. A school district issuing notes under the provisions of this section shall not be required to publish notice of its intention to do so or to secure the consent of the qualified electors or the tax levying authority of such school district.
Laws, 1993, ch. 562, § 5; Laws, 2005, 5th Ex Sess, ch. 23, § 1; Laws, 2006, ch. 308, § 1; Laws, 2008, ch. 556, § 2, eff. 7/1/2008.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 57 - TAXATION (§§ 37-57-1 — 37-57-133) › TAX ON FAMILY DWELLING UNITS (§§ 37-57-111 — 37-57-119) › Section 37-57-111 - Definitions

For the purposes of Sections 37-57-111 through
37-57-119
, the following words shall have the meanings ascribed to them in this section:
(a)
"Family unit" means a new family dwelling, mobile home, apartment, condominium, duplex, townhouse or structure, used for family residency.
(b)
"Compacted area" means any countywide school system with inadequate building facilities to meet the educational needs of school children, causing crowded conditions, which will continue in the public school facilities.
Codes, 1942, § 6520-01; Laws, 1972, ch. 504, § 1, eff. 5/19/1972.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 57 - TAXATION (§§ 37-57-1 — 37-57-133) › TAX ON FAMILY DWELLING UNITS (§§ 37-57-111 — 37-57-119) › Section 37-57-113 - Imposition of excise or transfer tax upon new family units

The board of supervisors of any class one county which has a population in the 1970 decennial census of not less than thirty-five thousand (35,000) and not more than fifty thousand (50,000) and having a total assessed valuation in 1971 of not less than forty million dollars ($40,000,000.00) and not more than fifty million dollars ($50,000,000.00) may impose an excise and/or transfer tax upon the sale or construction of all new family units as defined in Section
37-57-111
for capital improvement of public schools as provided by law for countywide public school districts. Said taxation shall not exceed three percent (3%) of the first twenty thousand dollars ($20,000.00) and one-half of one percent (1/2 of 1%) of all over twenty thousand dollars ($20,000.00) of the total sale or contract price of the family unit; however, said taxation shall not exceed three percent (3%) of the first ten thousand dollars ($10,000.00) and one-half of one percent (1/2 of 1%) of all over ten thousand dollars ($10,000.00) of the total sale or contract price of apartments, condominiums, duplexes or townhouses.
The tax hereby authorized, if imposed by order of the board of supervisors of the county by order duly spread upon the minutes of said board, shall apply only to the initial sale or construction of new family units not heretofore occupied or used for residence purposes, and shall be an indebtedness of the owner of the family unit.
Said tax shall not apply to such family units purchased or constructed by or for any religious, charitable, educational or nonprofit corporation or institution, nor shall it apply to demonstration of model homes.
Codes, 1942, § 6520-02; Laws, 1972, ch. 504, § 2, eff. 5/19/1972.
Mississippi Code 1972 (2023) › Title 37 - EDUCATION (§§ 37-NEW-001 — 37-NEW01-004) › Chapter 57 - TAXATION (§§ 37-57-1 — 37-57-133) › TAX ON FAMILY DWELLING UNITS (§§ 37-57-111 — 37-57-119) › Section 37-57-115 - Levy of ad valorem tax upon mobile homes and house trailers

In addition to mobile home ad valorem taxes assessed and collected under authority of Chapter 53 of Title 27, Mississippi Code of 1972, the boards of supervisors are hereby authorized and empowered to levy a ten dollar ($10.00) ad valorem tax upon each mobile home or house trailer used as a family dwelling not heretofore occupied or used for residential purposes within the county as defined in Section
27-53-1
, Mississippi Code of 1972, to be collected by the county tax assessor-collector annually and deposited into a county trust fund entitled "county school building and repair fund" and expended by the county board of education for capital improvements and equipment only in such compacted areas.
Codes, 1942, § 6520-03; Laws, 1972, ch. 504, § 3, eff. 5/19/1972.