The company is hereby declared to be performing a public function and to be a public body corporate and a political subdivision of the state. Accordingly, the income, including any profit made on the sale thereof from all bonds issued by the company pursuant to Sections 37-145-43 through 37-145-73, shall at all times be exempt from all taxation by the state or any public subdivision thereof. If, after all indebtedness and other obligations of the company are discharged the company is dissolved, its remaining assets shall inure to the benefit of the state.
Miss. Code Ann. § 37-145-67
Public function; student loan revenue bond income tax exempt
Known as the Mississippi Opportunity Loan Program Act
The act spans §§ 37–37 (37 sections).
Laws, 1992, ch. 475, § 34, 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.