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.
Miss. Code Ann. § 31-27-11
Security for refunding bonds
Known as the Mississippi Bond Refinancing Act
The act spans §§ 31–31 (13 sections).
Laws, 1987, ch. 429, § 6, eff from and after passage (approved March 30, 1987
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.