GroundRules
Miss. Code Ann. § 37-47-11: Order of priority of disposition of funds.
Where this section sits in the code
- Title 37. Education
- Chapter 47. State Aid for Construction of School Facilities
The sums becoming due to any school district shall be disposed of in the following order of priority and for the following purposes and for no others:
(a) To discharge the principal and interest due the commission by reason of any advance or loan made to any such school district by the commission;
(b) To be applied by the school district, subject to the approval of the commission, to defray the cost of any capital improvement;
(c) To pay the principal and interest of school district indebtedness represented by bonds or notes issued before July 1, 1954, for capital improvements, provided that the capital improvements for which such bonds or notes were issued fulfill the rules and requirement for new capital improvements and district organization as provided by the commission, or for bonds or notes issued on or after July 1, 1954, for capital improvements which have been approved by the commission as provided in this chapter.
Collected 2026-10-27T05:52:38Z. Source file · JSON
Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License
Mississippi electronic product files were republished by Public.Resource.Org under a public-domain dedication. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source