19-9-155 - Limitations on expenditure of funds by situs counties. - Mississippi Statutes

§ 19-9-155. Limitations on expenditure of funds by situs counties.
 

Of the funds retained by the situs county after the payment made pursuant to Section 19-9-153, not more than Five Million Five Hundred Thousand Dollars ($5,500,000.00) per year may be expended by the board of supervisors of the county for any purposes for which a county is authorized by law to levy an ad valorem tax, and any funds in excess of such amount shall be expended in accordance with Section 19-9-157. 
 

Sources: Laws,  1986, ch. 507, § 4, eff from and after passage (approved April 23, 1986).