31-29-3 - Authorization to issue bonds to defray unappropriated expenses of Institute for Technology Development; limitations as to amount. - Mississippi Statutes

§ 31-29-3. Authorization to issue bonds to defray unappropriated expenses of Institute for Technology Development; limitations as to amount.
 

The State Bond Commission shall have the power and is hereby authorized, at one time or from time to time prior to June 30, 1994, to issue negotiable general obligation bonds of the State of Mississippi to pay all or any part of the cost of defraying the state's share of supporting the Institute for Technology Development for any fiscal year in which the institute does not receive the requisite amount pursuant to legislative appropriation. The total amount of bonds which may be issued pursuant to this chapter shall not exceed Six Million Dollars ($6,000,000.00). 
 

Sources: Laws,  1987, ch. 437, § 2; Laws, 1990, ch. 503, § 1; Laws, 1994, ch 541, § 1, eff from and after July 1, 1994.