The Legislature hereby finds and declares that certain municipalities of this state now own and operate gas distribution systems to serve their citizens, inhabitants and customers by providing them with gas for all purposes; and if such municipalities are to furnish, and if the members of the public in the areas they serve are to receive adequate service, such municipalities must have adequate, dependable and economical sources of gas supplies. The Legislature declares that there exists in this state a need for an authority to function without profit in developing, obtaining and promoting for the public good in this state adequate, dependable and economical sources and supplies of gas for the purposes expressed in this section, and to assist in the financing of additions and other expenditures for the municipal gas systems of such municipalities.Laws, 1988, ch. 515, § 2, eff. 5/16/1988.
Mississippi Legal Code