Section 65-43-25 - Bonds; disposition of proceeds

Upon the issuance and sale of bonds under the provisions of Sections 65-43-9 through 65-43-39, the State Bond Commission shall transfer the proceeds of any such sale or sales to a special fund created in Section 65-43-9. The proceeds of such bonds shall be disbursed solely upon the order of the Mississippi Transportation Commission under such restrictions, if any, as may be contained in the resolution providing for the issuance of the bonds. Laws, 2007, ch. 582, § 13, eff. 7/18/2007 (the date the United States Attorney General interposed no objection under Section 5 of the Voting Rights Act of 1965).