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.
Miss. Code Ann. § 31-27-17
Refinancing of outstanding bonds by issuance of refunding bonds
Known as the Mississippi Bond Refinancing Act
The act spans §§ 31–31 (13 sections).
Laws, 1987, ch. 429, § 9, 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.