55-23-41 - Mississippi Memorial Stadium Construction Fund; use of Hinds County funds. - Mississippi Statutes

§ 55-23-41. Mississippi Memorial Stadium Construction Fund; use of Hinds County funds.
 

The proceeds of the bonds authorized in Sections 55-23-21 through 55-23-43 and funds appropriated for the enlargement and renovation of the Mississippi Veterans Memorial Stadium, including the funds to be supplied by Hinds County and also including funds from any and all other sources set aside for such enlargement and renovation by the Building Commission shall be used for the purpose of enlarging and renovating all physical components which make up the Mississippi Veterans Memorial Stadium and, except for the funds contributed by Hinds County, shall be deposited in the Mississippi Memorial Stadium Construction Fund, hereby created in the State Treasury. The funds contributed by Hinds County shall be deposited as provided in Section 55-23-23. To that end the commission is hereby authorized and empowered to make and enter into such contracts and execute such instruments containing such reasonably appropriate terms and conditions as, in its discretion, it may deem necessary, proper or advisable for the purpose of carrying out the terms of Sections 55-23-21 through 55-23-43, including the acceptance of that proportion of the cost of improvements required by the terms of Sections 55-23-21 through 55-23-43 to be contributed by Hinds County. Any funds received by the Mississippi Veterans Memorial Stadium Commission under Section 55-23-8, may be used for any purpose authorized in this section or Section 55-23-8, or both. 
 

Sources: Laws,  1979, ch. 360, § 11; Laws, 1989, ch. 548, § 5; Laws, 2001, ch. 602, § 7, eff from and after passage (approved Apr. 16, 2001.)