Title 65, Highways, Bridges and Ferries

Any highways or highway segments authorized to be constructed or improved by the Mississippi Department of Transportation or political subdivision under the provisions of this chapter shall be constructed or improved to bear a load limit of at least eighty thousand (80,000) pound…

(1) The State Highway Commission, acting through the Director of the State Highway Department, is hereby authorized and directed as follows: on each transfer date, the State Highway Commission shall transfer from the State Highway Fund into the appropriate fund specified below th…

On each transfer date the Director of the State Highway Department shall make requisition upon the State Fiscal Management Board and thereupon the State Fiscal Management Board shall issue its warrant to the State Treasurer, who shall immediately pay the same into the appropriate…

No member of the Legislature, elected official or appointed official, or any partner or associate of any member of the Legislature, elected official or appointed official, or member of their family, shall derive any income or thing of value from the restructuring of any investmen…

The Mississippi Development Authority, acting through its executive director, is authorized, at one time or from time to time, to declare by resolution the necessity for issuance of negotiable general obligation bonds of the State of Mississippi to provide funds for the Economic …

For the payment of the principal of and interest on the bonds issued under Sections 65-4-25 through 65-4-45, the full faith, credit, and taxing power of the State of Mississippi are hereby irrevocably pledged. If the funds appropriated by the Legislature be insufficient to pay th…

Such bonds as are authorized to be issued under Sections 65-4-25 through 65-4-45 may be executed and delivered by the state at any time and from time to time, may be in such form and denominations and of such terms and maturities, may be in fully registered form or in bearer form…

It is the purpose of this chapter to promote, attract and secure industrial and other significant development in the state through the construction and improvement of highways in areas of the state which demonstrate actual and immediate potential for the creation or expansion of …

No bond issued under Sections 65-4-25 through 65-4-45 shall bear more than one (1) rate of interest; each bond shall bear interest from its date to its stated maturity date at the interest rate specified on the bonds; and all bonds of the same maturity shall bear the same rate of…

If the bonds issued under Sections 65-4-25 through 65-4-45 are to be sold on sealed bids at public sale, notice of the sale shall be published at least two (2) times, the first of which shall be made not less than ten (10) days prior to the date of sale, and shall be so published…

All bonds issued under Sections 65-4-25 through 65-4-45 shall be executed on behalf of the state by the manual or facsimile signature of the Chairman of the State Bond Commission and shall be countersigned by the manual or facsimile signature of the Secretary of the State Bond Co…

(1) Upon the issuance and sale of bonds under Sections 65-4-25 through 65-4-45, the State Bond Commission shall transfer the proceeds of any such sale or sales to the Economic Development Highway Fund. The proceeds of such bonds shall be disbursed solely upon the order of the Exe…

The State Treasurer is hereby authorized, without further process of law, to certify to the Fiscal Management Board the necessity for warrants, and the board is hereby authorized and directed to issue such warrants payable out of any funds authorized by Sections 65-4-25 through 6…

Bonds issued under Sections 65-4-25 through 65-4-45 shall be legal investments for commercial banks, trust companies, savings and loan associations and insurance companies organized under the laws of this state.

All bonds issued under Sections 65-4-25 through 65-4-45 and the income therefrom shall be exempt from all taxation within the State of Mississippi, except gift, transfer and inheritance taxes.

Sections 65-4-25 through 65-4-45, without reference to any other statute, shall be deemed to be full and complete authority for the issuance of such bonds, and shall be construed as an additional and alternative method therefor, and none of the present restrictions, requirements,…

(1) The following words when used in this chapter shall have the meanings herein ascribed unless the context otherwise clearly requires:(a) “Board” means the Mississippi Development Authority;(b) “Department” means the Mississippi Department of Transportation;(c) “High economic b…

(a) Any political subdivision desiring the assistance of the state in order to construct or improve any highways or highway segments, the primary purpose of such construction or improvement being to encourage a private company to engage in a high economic benefit project within t…

(a) Upon receipt of an application by a political subdivision as provided under Section 65-4-7, Mississippi Code of 1972, the board shall review the application and may approve the application if it determines:(a) The highways or highway segments for which the political subdivisi…