Procedure for providing funds for the special fund created in Section 55-5-101.

Miss. Code Ann. § 55-5-103
in effect
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Upon a determination by the Mississippi Development Authority (hereinafter referred to as “MDA”) that due to a shutdown of the federal government, federal funds are unavailable and have been unavailable for at least five (5) days for the operation and maintenance of a national park or other federal visitors or recreation area located in this state, the MDA shall provide notice of such unavailability of funds to the Department of Finance and Administration. Upon receipt of such notice, the Department of Finance and Administration, with the concurrence of the State Bond Commission, may incur debt, including notes or other evidences of indebtedness, for the purpose of providing funds for the special fund created in Section 55-5-101. All notes or certificates of indebtedness issued under this section shall mature in approximately equal installments of principal and interest over a period not to exceed one (1) year from the date of issuance thereof. The maximum amount of debt that may be outstanding under this section at any time shall not exceed One Hundred Thousand Dollars ($100,000.00).

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