Proceeds of sale of lieu lands
Codes, 1942, § 4119; Laws, 1942, ch. 162; Laws, 1978, ch. 525, § 14; Laws, 1999, ch. 369, § 1, eff from and after passage (approved Mar. 15, 1999
(1) The proceeds derived from such sales shall be used for the benefit of the schools situated in the township owning the lands. The principal derived from the sale of such land shall not be spent, but only the interest and income derived from such funds may be spent.
(2) [Repealed]
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.