Upon the issuance and sale of such bonds, the State Bond Commission shall transfer the proceeds of any such sale to the State Treasurer. Immediately upon receipt of a resolution from the board of directors of the company requesting same, the State Fiscal Officer shall issue a warrant to the State Treasurer to cause to be paid into the Mississippi Opportunity Loan Fund of the company the proceeds of said bonds, less cost of issuance thereafter and accrued interest on the bonds.
Miss. Code Ann. § 37-145-31
Proceeds of sale of general obligation bonds
Known as the Mississippi Opportunity Loan Program Act
The act spans §§ 37–37 (37 sections).
Laws, 1992, ch. 475, § 16, eff from and after passage (approved May 6, 1992
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.