Proceeds from the sale of bonds may be invested, pending their use, in such certificates of deposit as are specified in the resolution authorizing the issuance of the bonds or the trust indenture securing them, and the earnings on such investments applied as provided in such resolution or trust indenture.
Investment of bond proceeds
Miss. Code Ann. § 21-27-185, under Public Utilities and Transportation.
Miss. Code Ann. § 21-27-185