55-25-11 - Acceptance of grants, loans, etc., by board. - Mississippi Statutes

§ 55-25-11. Acceptance of grants, loans, etc., by board.
 

The board of directors of a district is hereby authorized and empowered to accept grants, loans, gifts, bequests or funding from any source, public or private, that the granting agency has authority to provide; but in no circumstances shall the acceptance of any such funding obligate any district to repay a sum in excess of the avails of the tax levies authorized by this chapter. 
 

Sources: Laws,  1994, ch. 574, § 6, eff from and after passage (approved April 7, 1994).