All moneys received pursuant to the authority of this article, whether as proceeds from the sale of bonds or as revenues may be temporarily invested and reinvested pending the disbursements thereof in such securities and other investments as may be permitted by law for investment of excess funds of municipalities.
Temporary investment and reinvestment of money
Miss. Code Ann. § 77-5-749, under Joint municipal electric power.
Miss. Code Ann. § 77-5-749