The commission shall have power and is hereby 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 to be used exclusively and only for the purpose of acquiring all or any part of the land described in Section 49-5-87, but in no event shall the amount of bonds issued exceed a total of Thirteen Million Five Hundred Thousand Dollars ($13,500,000.00).The State Bond Commission shall not direct the issuance of bonds under the provisions of Sections 49-5-86 through 49-5-98 when appropriations by the Legislature and bonds issued, or requested to be issued, would exceed an aggregate total in excess of Thirteen Million Five Hundred Thousand Dollars ($13,500,000.00).Laws, 1975, ch. 471, § 3; Laws, 1976, ch. 417, § 3; Laws, 2000, ch. 516, § 49, eff. 4/30/2000.
Mississippi Legal Code